Wind Energy Has Officially Become Cheaper Than Fossil Fuels

IN BRIEF

Industry leaders have estimated that the cost of producing energy using wind farms has dropped to around $100 per megawatt hour, making the energy source as cost effective as coal and nuclear energy.

THE PLUMMETING PRICE OF WIND ENERGY

Bent Christensen, who is responsible for cost projection for Siemens’s wind power division, has estimated that Europe’s offshore wind industry has reached a milestone three to four years ahead of schedule: achieving wind energy at €100 ($113) per megawatt hour (MWh). This means that offshore wind farms could be built without government subsidy because they are economically viable without additional support

https://futurism.com/wind-energy-has-officially-become-cheaper-than-fossil-fuels/

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