Market Research Reports, Inc. has announced the addition of “The Future Cost of Wind Power: Capital costs, the levelized cost of electricity (LCOE), economics, costs and future outlook for wind power generation” research report to their offering. See more at- http://mrr.cm/4wY
The Future Cost of Wind Power: Capital costs, the levelized cost of electricity (LCOE), economics, costs and future outlook for wind power generation
1. www.MarketResearchReports.com
Capital costs, the
levelized cost of
electricity (LCOE),
economics, costs and
future outlook for
wind power
generation
Category : Wind Power
All logos and Images mentioned on this slide belong to their respective owners.
2. www.MarketResearchReports.com
Introduction to Report
Launch Date: January 22, 2015
Number of Pages: 42
Geography Coverage: Global
Available Format: PDF
Price For Single User License: USD 1,495
Price For Site User License: USD 2,990
Price For Global User License: USD 4,485
Delivery Time: Within 24 Hours (During Working Days)
3. www.MarketResearchReports.com
About the Report
Wind power is capital intensive with most of the
investment required upfront. The largest capital cost
component is the turbine itself which can account for
between 40% and 80% of the total capital cost of an
onshore wind installation.
Costs offshore are higher because of the more expensive
operating environment and the greater difficulty
establishing a foundation so the proportion of capital cost
taken by the turbine is generally lower than onshore.
Turbine cost fell from 1980 until 2002 when prices started
to rise again, peaking in 2009 before falling further.
4. www.MarketResearchReports.com
Key Findings:
India ($1,080/kW - $1,250/kW) and China ($1,360/kW –
1,370/kW) show the lowest capital costs and the USA
($1,830/kW) and Brazil ($1,670/kW) the highest..
By 2014 the LCOE for a plan entering service in 2019 had
fallen to $204/MWh.
The lowest costs recorded in the table are in India,
where the LCOE ranges from $47/MWh - $113/MWh, and
China where the cost is estimated to be $49/MWh -
$93/MWh.
The range of levelized costs found for onshore wind was
$75/MWh to $150/MWh.
Offshore wind had a range of $130/MWh – 285/MWh
and large solar PV $165/MWh to $400/MWh.
5. www.MarketResearchReports.com
Key Highlights:
Technological advances and greater overall efficiency are
continuing to bring costs down.
This is feeding into capital cost trends which are
following turbine prices by falling.
There are regional variations in capital costs, with costs
lower in India and China than in Europe or the USA but
regional differences are narrowing as the market becomes
more global.
With capital cost the dominant component of the cost of
energy, the levelized cost of electricity from wind plants is
falling too and onshore wind is beginning to compete with
other technologies, particularly new coal.
6. www.MarketResearchReports.com
Key Highlights Continues…
There is a growing consensus that onshore wind will
reach parity in many parts of the world by the end of the
decade, if not before.
The cost of wind power has continued to fall compared
to many other technologies over the past five years and is
now approaching the level at which it can compete with
conventional technologies.
Power from natural gas and coal remains cheaper
(without carbon capture and storage) but the steady
growth in renewable penetration from both wind and
wind power is leading to coal and gas-fired plants
operating for less of the time, a factor which adversely
affects their economics.
7. www.MarketResearchReports.com
Who this report is for….
Power utility strategists, energy analysts, research
managers, power sector manufacturers, wind power
developers, investors in renewables systems and
infrastructure, renewable energy developers,
energy/power planning managers, energy/power
development managers, governmental organisations,
system operators, companies investing in renewable
power infrastructure and generation, investment banks,
infrastructure developers and investors,
intergovernmental lenders, energy security analysts.
9. www.MarketResearchReports.com
Custom Research:
Are you an industry professional, entrepreneur,
venture capitalist, investors and organization, then let
us know your specific research requirements. Our goal
is to cater to your requirements be it for a custom
market research project, syndicated research report on
a specific market or industry sector, newsletter creation,
case study development or anything else related to
marketing research.
For Any Customization Related query Visit IdeaCenter @
http://www.marketresearchreports.com/idea-center
For regular industry updates subscribe to our newsletter
at:
http://www.marketresearchreports.com/subscribe-to-
newsletter
10. www.MarketResearchReports.com
How To Buy This Report?
Visit following URL to see Table of Content and
purchase this publication:
http://mrr.cm/4wY
About Market Research Reports, Inc.
Market Research Reports provides a customized set
of reports from reputed Publishers, built on the
intelligence available within organizations and
leverages on our motto of “Intelligence Redefined”.
Contact : Amitava Sen
Email : info@marketresearchreports.com
Phone: +1 302-703-7787 (USA) +91-8762746600 (India)