Wind turbine prices fall to their lowest in recent years

Increasing scale, improved efficiency and over-capacity among wind energy hardware manufacturers have combined to push the average price of onshore wind turbines below €1m ($1.36m) per megawatt. The fourth issue of Bloomberg New Energy Finance’s Wind Turbine Price Index shows that fierce downward pressure on prices has continued in recent months in all parts of the world. Bloomberg New Energy Finance analyzed confidential data provided by 28 major purchasers of wind turbines. The sample includes more than 150 undisclosed turbine contracts, totaling nearly 7GW of capacity in 28 markets globally – with a main focus on Europe and the Americas. Dropping turbine prices may be uncomfortable for manufacturers, but it is good news for project developers and it further improves the cost-competitiveness of wind energy compared with gas and coal. Click to view the main conclusions of the analysis.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

SolarEdge Technologies - Solar Inverters, Power Optimizers and PV Monitoring

SolarEdge Technologies - Solar Inverters, Power Optimizers and PV Monitoring

The SolarEdge PV inverter combines sophisticated digital control technology with efficient power conversion architecture to achieve superior solar power harvesting and best-in-class reliability. The fixed-voltage technology ensures the solar inverter is always working at its optimal input voltage over a wider range of string lengths and regardless of environmental conditions. A proprietary data monitoring receiver has been integrated into the inverter and aggregates the power optimizer performance data from each PV module. This data can be transmitted to the web and accessed via the SolarEdge Monitoring Portal for performance analysis, fault detection and troubleshooting of PV systems.