14 Nov '11, 11pm

Wind electricity to be fully competitive with natural gas by 2016

Photo: Vlasta Juricek Cross-posted from Climate Progress . The best wind farms in the world are already competitive with coal, gas, and nuclear plants. But over the next five years, continued performance improvements and cost reductions will bring the average onshore wind plant in line with cheap natural gas, even without a price on carbon, according to analysis from Bloomberg New Energy Finance (BNEF). After analyzing the cost curve for wind projects since the mid-1980s, BNEF researchers showed that the cost of wind-generated electricity has fallen 14 percent for every doubling of installation capacity. These cost reductions are due to a number of factors: more sophisticated manufacturing, better materials, larger turbines, and more experience with plant operations and maintenance. Those improvements, combined with an oversupply of turbines on the global market, will brin...

Full article: http://www.grist.org/wind-power/2011-11-14-wind-electrici...

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