05 Nov '12, 9pm

Wind energy: Getting cheaper, still about to tank

Wind energy: Getting cheaper, still about to tank

Wind farms are now far cheaper to operate than they were four years ago. From Bloomberg : The cost of running and maintaining wind farms has fallen 38 percent in four years as competition among contractors increased and turbine performance improved, bringing closer the day that the technology matches fossil fuel. The average price of operation and maintenance contracts for onshore farms this year slid to 19,200 euros [$24,600] a megawatt from 30,900 euros [$39,500] in 2008, Bloomberg New Energy Finance said today. Great news. But it’s not much consolation in the United States, where the sector is withering while Congress fails to extend a production tax credit for wind power, a key tool allowing wind to compete with entrenched fossil fuel generators. From the Associated Press : An eerie quiet has settled over the Walker Components plant, which assembles custom cables for a...

Full article: http://grist.org/news/wind-energy-getting-cheaper-still-a...

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