Latest wind power generation price list

How much does wind energy cost?

Base Year: The all-in O&M of $43/kW-yr in the Base Year is estimated from Assessing Wind Power Operating Costs in the United States: Results from a Survey of Wind Industry Experts (Wiser et al., 2019) and is also reported in the 2020 Cost of Wind Energy Review (Stehly and Duffy, 2022).

Why did wind turbine prices rise in 2022?

Rising costs, and government pricing structures present constant challenges to manufacturers. In 2022, Nordex raised its turbine prices (approximately 12%) due to cost increases and rising interest rates; other turbine manufacturers increased prices as well. In 2023, wind turbine prices were more steady.

How much does a distributed wind system cost?

This range is primarily caused by the large variation in CapEx ($1,800–$7,711/kW) and project design life. The residential and commercial reference distributed wind system LCOE are estimated at $235/MWh and $163/MWh, respectively.

Is wind power the fastest growing source of electricity in America?

The U.S. Department of Energy’s 2023 offshore, land-based, and distributed wind market reports show that wind power continues to be one of the fastest growing and lowest-cost sources of electricity in America and is poised for rapid growth, thanks in part to the Inflation Reduction Act. Click on each report cover to learn more.

How many offshore wind projects are there?

There are 19 projects in the U.S. offshore pipeline that have reached the permitting phase, and eight states have set offshore wind energy procurement goals totaling 39,322 MW by 2040.

How much does a fixed-bottom offshore wind project cost?

The fixed-bottom offshore wind estimate is $95/MWh, and the floating substructure reference project estimate is $145/MWh. These two reference projects give a single-variable sensitivity range of $52–$184/MWh. This range is primarily caused by the large variation in CapEx ($1,800–$7,711/kW) and project design life.