The Good News Is That The Cost Of Wind Energy Has Continued To Fall Over The Last 5 Years
Without carbon capture and storage natural gas and coal still have an advantage over wind.
Coal and gas plants are actually operating less these days because of the penetration ito the market of wind and solar and that has led to less efficiency in those power plants.
On the other side because wind and solar costs are coming down, governments are cutting their subsidies to those industries.
By the end of the decade wind power could be the second cheapest source of electricity after natural gas in many markets. Growth of wind power is expected to continue strongly in the major markets of Europe,Asia and North America. Markets in Latin America are advancing more slowly and wind power in Africa remains a rarity.
Complete research on the future cost of wind power is available athttp://www.marketreportsonline.com/395631.html .
Few key features from the future cost of wind power market research covers analysis of wind power generation technology costs, concepts, drivers and components; assessment of electricity costs for different technologies in terms of the two fundamental yardsticks used for cost comparison, capital cost and the levelized cost of electricity as well as examination of the key wind power generation technologies costs. India ($1,080/kW – $1,250/kW) and China ($1,360/kW – 1,370/kW) show the lowest capital costs and the USA ($1,830/kW) and Brazil ($1,670/kW) the highest. By 2014 the LCOE for a plan entering service in 2019 had fallen to$204/MWh. The lowest costs recorded in the table are in India, where the LCOE ranges from $47/MWh – $113/MWh, andChinawhere the cost is estimated to be $49/MWh – $93/MWh. The range of levelized costs found for onshore wind was $75/MWh to$150/MWh. Offshore wind had a range of $130/MWh – 285/MWh and large solar PV $165/MWh to $400/MWh.
This wind power market research is primarily targeted for power utility strategists, energy analysts, research managers, power sector manufacturers, wind power developers, investors in renewables systems and infrastructure, renewable energy developers, energy/power planning managers, energy/power development managers, governmental organisations, system operators, companies investing in renewable power infrastructure and generation, investment banks, infrastructure developers and investors, intergovernmental lenders and energy security analysts.
Questions like what is wind power generation going to cost? Which wind power generation technology types will be the winners and which the losers in terms of power generated, cost and viability? Which wind power generation types are likely to find favour with manufacturers moving forward? Can be easily answered with this report on future cost of wind power available at for purchase at http://www.marketreportsonline.com/contacts/purchase.php?name=395631 .
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