An outline of the market research report on the future cost of wind power. Key features of this report include: Analysis of wind power generation technology costs, concepts, drivers and components. Assessment of electricity costs for different technologies in terms of the two fundamental yardsticks used for cost comparison, capital cost and the levelized cost of electricity. Examination of the key wind power generation technologies costs.
1. Brought to you by:
The Future Cost of Wind Power
Brought to you by:
2. EXECUTIVE SUMMARY
Chapter 1 - The Economics of Wind Power
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. 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. 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. Offshore wind will take longer but could be competing with the main
conventional sources of power by the middle or end of the third decade of the century.
3. EXECUTIVE SUMMARY
Chapter 2 - Future Market and Economic Prospects for Wind Power Generation
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. On the other hand, the low cost of wind power is leading governments
to reduce subsidies to wind. By the end of the decade, wind power could be the second cheapest source of
electricity after natural gas in many markets. Growth of wind power is expected to continue strongly in the major
markets of Europe, Asia and North America. Markets in Latin America are advancing more slowly and wind power
in Africa remains a rarity.
4. Key Features
Key Features of this Report:
• Analysis of wind power generation technology costs, concepts, drivers and components.
• Assessment of electricity costs for different technologies in terms of the two fundamental yardsticks used for
cost comparison, capital cost and the levelized cost of electricity.
• Examination of the key wind power generation technologies costs.
Key Benefits from Reading this Report:
• Realize up to date competitive intelligence through a comprehensive power cost analysis in wind power
generation markets.
• Assess wind power generation costs and analysis – including capital costs and levelized costs.
• Quantify capital and levelized cost trends and how these vary regionally.
Key Questions Answered:
• What is wind power generation going to cost?
• Which wind power generation technology types will be the winners and which the losers in terms of power
generated, cost and viability?
• Which wind power generation types are likely to find favour with manufacturers moving forward?
5. 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.
Why Buy It:
• To utilize in-depth assessment and analysis of the current and future technological and market state of wind
power, carried out by an industry expert with 30 years in the power generation industry.
• Use cutting edge information and data.
• Use the highest level of research carried out.
• Utilize expert analysis to say what is happening in the market and what will happen next.
• Save time and money by having top quality research done for you at a low cost.
6. ABOUT THE PUBLISHER
Power Generation Research create reports and data on energy market trends, business
intelligence, technology evolution, industry focus, energy economics, capacity and generation
growth, and market forecasts.
All reports are written by industry experts with 10 years plus in the field, allowing them to build
up a powerful network of contacts to source information, analyse a market and explain what is
happening, propose the what if questions and answer them, say what it all means and what is
coming next.
Learn more about this report
View more reports from this publisher
7. MarketResearch.com
We Help You Find the Business
Intelligence You Need
Knowledge Center
Take a deep dive into our
database of business
intelligence specific
to a market or vertical
from over 15 years of
authoritative research. We
offer Knowledge Centers
on life sciences, pet
products & services, food &
beverage, household items,
demographics, and financial
services & credit cards.
Profound
A business solution that
provides a wide perspective
across multiple industries and
publishers and allows you to
select & download specific
parts (graphs, tables, charts
or chapters) from different
market research reports.
Market Research
Reports
We offer reports from over
720 leading global publishers
and update our collection
daily to provide you with
instant online access to the
world’s most complete and
current database.
We provide Market
Research Based
Solutions tailored
to your specific
business goals.
8. Brought to you by:
For more information and additional research
visit MarketResearch.com or Call 800.298.5699
Brought to you by: