Wind’s Cost-Competiveness Still Grows

Wind Industry Profile of

Here’s a talking point that never gets old - American wind power is 67 percent cheaper than it was in 2009. That means in many parts of the country, wind is now the cheapest source of new electric generating capacity, and it’s cost-competitive in many more. These cost reductions come from a variety of new efficiencies.

Technological advances allow modern wind turbines to reach stronger, steadier winds. That lowers costs and increases the amount of electricity each turbine generates. Improved domestic manufacturing has played an important role too. Today more than 500 U.S. factories build wind-related parts, which creates economies of scales and lowers transportation costs. And innovations in operations and maintenance– like ... More: Official Press Release AWEA Blog - Into the Wind

Keywords:

AWEA, investment, wind energy, price, costs, PPA, PTC