Friday, July 25, 2008

A Windy Proposition - MarketShare + Cost

According to the Brussels based industry group, Global Wind Energy Council, WIND Power made up 1% of the World's Electricity Production in 2007 and is expected to make up 3% in 2012.


According to EIA data, U.S. Electricity from --- COSTS :
* WIND: costs about 8 cents per kilowatt-hour

* SOLAR: costs about 15 cents per kilowatt-hour

* COAL-fueled electricity: costs 4 cents per kilowatt-hour


Also worth noting, Rising material costs (steel) have driven up wind turbine prices by about 20% since July 2007.


http://www.bloomberg.com/apps/news?pid=20601109&sid=a9B6qZ11iwwc&refer=home


Data Courtesy: Bloomberg