14 Nov '11, 1am

Onshore wind to reach grid parity by 2016

Electricity produced by onshore wind farms will cost the same as that from fossil fuel plants by 2016, as efficiency increases and equipment costs plummet. Research published last week by Bloomberg New Energy Finance (BNEF) said that the best wind farms in the world already produce power as economically as coal, gas and nuclear generators, and predicts a 12 per cent drop in price over the next five years. FURTHER READING IEA: Prospect of oil at $150 a barrel demands green investment Huhne: 'Wind turbines are certainly here to stay' Bigger and taller turbines, better aerodynamics, better controls and gearboxes, and improved electrical generation efficiency mean that the capacity factor, effectively the power output achieved by a turbine as a percentage of its stated capacity, has increased to 34 per cent. As manufacturing, operations and maintenance costs have dropped, the ...

Full article: http://www.businessgreen.com/bg/news/2124487/onshore-wind...

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Wind Power to be as Cheap as Natural Gas by 2016

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