Not exact matches
The goal: A commercially viable prototype within two years, and ultimately a machine that is 30 percent
cheaper than a conventional
wind turbine of the same size.
Is
wind power
cheaper than gas -
turbine power?
In the meantime, the Chinese continue to pump out solar modules
cheaper than anyone else; their largest
wind turbine manufacturer, Sinovel, will likely become one of the world's largest
wind turbine manufacturers; and — as we're finding now — if you need billions in financing for a
wind farm, China may be more
than willing to provide that, too.
In fact, I have come to the rather astounding conclusion that even if
wind turbines and solar PV could be built at zero cost, it would not make sense to continue to add them to the electric grid in the absence of very much better and
cheaper electricity storage
than we have today.
It provides energy that works 24/7/365... and is far
cheaper than land - hungry
wind turbine and solar panel installations.
Over the past five years, U.S.
wind energy capacity grew from 25,000 megawatts (MW) to over 61,000 MW, a 140 percent growth rate, yet electricity generated from these
wind turbines grew at a rate of 200 percent, exceeding capacity growth and making
wind energy
cheaper than ever.
In certain locations, solar and
wind energy can be more expensive
than cheap fossil fuel power, and solar panels and
wind turbines take up a lot of space (see Apple's sprawling solar farms in North Carolina).