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February 25, 2011

National News: In 2010, wind energy competitiveness greatly increased

Filed under: National News,News — Tags: , , , , , — Georgia Romig @ 2:57 pm

National News from REVE:

The cost of wind turbines on the main international wind farm markets fell below one million euro per MW, which is the lowest wind power generation cost that was ever registered.

Oversupply and increased manufacturing efficiency. According to the most recent edition of the Wind Turbine Price Index published by Bloomberg New Energy Finance, this is why in 2010 all major wind farm markets registered a sharp fall in prices of onshore wind turbines.

The Bloomberg NE index examined more than 150 sale contracts of onshore wind turbines, for a total of nearly 7,000 MW in 28 countries around the world, focusing on Europe and the Americas. It was found that in the first half of the year the average price of wind turbines for the buyer was 980,000 €/MW (with peaks of 900,000), recording a 7% decrease over the previous year and a 19% drop compared with the peak reached in 2007-2008.

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