Time to revisit a recurring theme of price and value of electricity production as there’s a recent presentation on US wind power statistics by Berkeley Labs:
https://eta-publications.lbl.gov/sites/default/files/2020_wind_energy_technology_data_update.pdf">https://eta-publications.lbl.gov/sites/def...
https://eta-publications.lbl.gov/sites/default/files/2020_wind_energy_technology_data_update.pdf">https://eta-publications.lbl.gov/sites/def...
For those not familiar with the concept of self-cannibalization of value, see this thread (and the thread that prompted it) on evolution of value of intermittent generation sources at high % of total energy produced: https://twitter.com/vtulkki/status/1229005827492732930?s=21">https://twitter.com/vtulkki/s...
BUT! The presentation linked has 80+ slides of interesting data, so I’m merely picking a few, and all errors in interpretation are mine.
First the good news: cost of building new wind power capacity is low and keeps getting lower (though not that fast anymore).
First the good news: cost of building new wind power capacity is low and keeps getting lower (though not that fast anymore).
I guess onshore wind just is a mature technology, and now it’s about the site. With capital intensive technology, it of course also helps that the cost of money has come down.