22 Aug '16, 3pm

'Rock-Bottom' Wind Energy Pricing Means Buying Opportunity For Utilities, Corporations - North American Windpower

'Rock-Bottom' Wind Energy Pricing Means Buying Opportunity For Utilities, Corporations - North American Windpower

Wind energy pricing remains attractive to utility and commercial purchasers, according to an annual report released by the U.S. Department of Energy and prepared by the Electricity Markets & Policy Group at the Lawrence Berkeley National Laboratory (LBNL). Prices offered by newly built wind projects are averaging around $0.02/kWh, driven lower by technology advancements and cost reductions. According to the LBNL’s 2015 Wind Technologies Market Report, lower installed project costs – along with improvements in capacity factors – are enabling aggressive wind power pricing. After topping out at nearly $0.07/kWh in 2009, the average levelized long-term price from wind power sales agreements has dropped to around $0.02/kWh. Notably, the report cautions, this nationwide average is dominated by projects that largely hail from the lowest-priced central region of the country. “Wind...

Full article: http://nawindpower.com/rock-bottom-wind-energy-pricing-me...

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