March 20, 2010
Wind Turbine Oversupply Depresses Prices

The cost of wind power is going down about 13% from second half 2008 to first half 2011.

The market has “persistent” oversupply that will depress turbine prices to an average 1.08 million euros per megawatt in the first half of 2011 from 1.24 million euros in the second half of 2008, according to Bloomberg New Energy Finance.

Anyone know what percentage of total wind installation cost is from the turbines? The towers, foundations, and other costs add to the total. How much?

Also, what's the average percentage of nameplate operation in new wind sites? As the best sites get taken newer installations will have to go into lower quality sites. See page 50 of this wind power report to see why wind power costs slope upward with more capacity installed. Can the cost of the wind turbine go down faster than the quality of wind at remaining undeveloped sites declines?

Share |      Randall Parker, 2010 March 20 08:28 PM  Energy Wind


Comments
Brett Bellmore said at March 21, 2010 3:50 AM:

Maybe somebody could install a huge wind farm in Antarctica. Sure, the conditions aren't the best, but I hear there are extensive areas where the wind blows 24/7/365, at quite high speeds, which might make it worth a specialized design for low temp wind turbines. Probably a rather impressive amount of energy available there.

Oh, wait, can't do that, it's an officially capitalism free zone...

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