Wind farm operating costs decrease

Onshore wind power

The cost of operating an onshore wind farm has fallen by nearly 40 percent in the last four years, thanks to advancements in technology as well as increased competition among contractors. Bloomberg New Energy Finance reported the average price of operation and maintenance contracts in 2012 was $25,000 a megawatt, compared to more than $39,000 in 2008.

"Wind power has done much to improve its competitiveness against gas-fired and coal-fired generation in recent years via lower-cost, more technically advanced turbines and more sophisticated siting and management," said Michael Liebreich, chief executive officer of London-based BNEF, said in the statement.

The lowered costs could play a role in how much the governments of United States and Britain decide to subsidize renewable energy, the Bloomberg article stated. Specifically in the United States, President Barack Obama's administration is urging Congress to renew tax credits for wind energy projects but is facing opposition from Republicans.

Sustainable Business reported that the United States has the most competitive prices in the wind energy industry of all markets.

Details of the U.S. wind energy market provided by PennEnergy's research area.

Whitepapers

Energize Your Most Vital Business Relationships: Advanced Contract Lifecycle Management in the Oil and Gas Sector

In today’s more dynamic and globalized energy marketplace, formal contracts define nearly every b...

Improve Accuracy and Reduce your Lease Operating Expense and Risk in Upstream Oil & Gas Production

In this whitepaper, we will address both the technical approach to achieving the highest possible...

Infographic: Smart Process Applications for a Mobile Workforce

In partnership with PennEnergy Research, OpenText surveyed energy companies in the oil and gas, p...

Survey Report: Smart Process Applications for a Mobile Workforce

In partnership with PennEnergy Research, OpenText surveyed energy companies in the oil and gas, p...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013