Technology advancements are expected to continue to drive down the cost of wind energy, according to a survey of the world’s foremost wind power experts led by Lawrence Berkeley National Laboratory (Berkeley Lab). Experts anticipate cost reductions driven by bigger and more efficient turbines, lower capital and operating costs, and other advancements. The findings are described in an article in the journal Nature Energy.
Annual Wind Power Market Report Confirms Technology Advancements, Improved Project Performance, and Low Wind Energy Prices
Wind energy pricing remains attractive to utility and commercial purchasers, according to an annual report released by the U.S. Department of Energy and prepared by the Electricity Markets & Policy Group at Berkeley Lab. Prices offered by newly built wind projects are averaging around 2¢/kWh, driven lower by technology advancements and cost reductions.
Study Finds that the Price of Wind Energy in the United States is at an All-time Low, Averaging under 2.5¢/kWh
No Evidence of Residential Property Value Impacts Near U.S. Wind Turbines, a New Berkeley Lab Study Finds
After analyzing more than 50,000 home sales near 63 wind facilities in 27 counties across nine U.S. states, Berkeley Lab researchers were unable to uncover any impacts to nearby home property values. “We find no evidence that operating turbines have any measureable impact on home sales prices,” says Ben Hoen, the study’s lead author.
Annual wind power additions in the United States achieved record levels in 2012, while wind energy pricing is near an all-time low, according to a new report released by the U.S. Department of Energy and prepared by Berkeley Lab. But even with a short-term extension of federal tax incentives now in place, the wind power industry is facing uncertain times, in part due to low natural gas prices and continued policy uncertainty.
Facing looming policy uncertainty beyond 2012, the U.S. remained one of the fastest-growing wind power markets in the world in 2011—second only to China—according to a new report released by the U.S. Department of Energy and prepared by Lawrence Berkeley National Laboratory (Berkeley Lab). Roughly 6.8 gigawatts (GW) of new wind power capacity were connected