Cost of wind power could drop by a third by 2030: US DOE
The cost of producing electricity from wind power could drop by up to a third by 2030 and between 35% and 41% by 2050, according to a new study by the US Energy Department's National Renewable Energy Laboratory. The study also predicted that onshore wind will remain less expensive than offshore and that fixed-bottom offshore will be cheaper than floating wind plants. In addition, there is a 10% chance of even greater cost reductions, increasing to more than 40% by 2030 and more than 50% by 2050.
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The cost of producing electricity from wind power could drop by up to a third by 2030, according to new findings by the US Energy Department’s National Renewable Energy Laboratory.

The research also reveals that figure could increase even further by 2050 from between 35% and 41%.

The study called ‘Eliciting Expert Views on Future Wind Energy Costs’ has summarised a global survey of 163 wind energy experts as they look to gain insight into the potential impact of future wind energy cost reductions.

It is also looking to gain an insight into the sources of reductions and enabling conditions.

Onshore wind is expected to remain less expensive than offshore at least for typical projects as well as fixed-bottom offshore wind which is less expensive than floating wind plants.

The findings also revealed a 10% chance of even greater cost reductions with a potential over more than 40% by 2030 and more than 50% by 2050.