cost
U.S. Wind Power Market Growing
The U.S. Department of Energy released its Annual Report on U.S. Wind Power Installation, Cost, and Performance Trends: 2007 inconjunction with the Lawrence Berkeley National Laboratory. According to the report, the U.S. had the fastest-growing wind power market in the world for the third consecutive year in 2007. Go wind!
What is required for a wind project to be successful?
In general, a "successful" wind project is one that makes financial sense.
Typically five things are needed if your wind project is going to pay for itself:
- a good wind resource,
- access to transmission,
- low cost of capital (in other words, a low interest rate),
- ability to utilize state and federal financial incentives, and
- access to equipment
Biennial Review of the Cost of Windpower
This publication from the Northwest Power and Conservation Council can be found by clicking here.
Is wind energy expensive?
Wind energy is the cheapest form of new electricity generation available today. Wind power is more expensive than power from old, established power plants, but is cost competitive with any new power plant.
How much do wind turbines cost?
Wind turbines come in many shapes and sizes, but here is a general guideline on how much they cost:
