MarketReportsOnline.com has completed the "The Future Cost of Wind Power" 2015 market research report.
The 38-page report is primarily targeted 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 and energy security analysts.
Key features from the wind power market research 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, as well as examination of the key wind power generation technologies costs. It also offers a breakdown of capacity by leading wind power-producing countries.
Complete research on the future cost of wind power is available online. To order your copy, visit MarketReportsOnline.
Other general findings: The cost of wind power has continued to fall compared with 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, according to industry analysts. 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.