Wind power generation comparison table

What are the cost and performance data for wind technologies?

In the 2024 ATB, the cost and performance data for wind technologies are specified for different resource categories that are consistent with those used to represent the full wind resource in the National Renewable Energy Laboratory (NREL) Regional Energy Deployment System (ReEDS) model (Brown et al., 2020).

How much does a wind power system cost?

The installed capital costs for wind power systems vary significantly depending on the maturity of the market and the local cost structure. China and Denmark have the lowest installed capital costs for new onshore projects of between USD 1 300/kW and USD 1 384/kW in 2010.

What is the LCOE of a wind power system?

The principal components of the LCOE of wind power systems include capital costs, operation and maintenance costs and the expected annual energy production (Figure 6.1). Assessing the cost of a wind power system requires a careful evaluation of all of these components over the life of the project.

Why does the cost of wind power vary from onshore to offshore?

While the cost of electricity generated from a typical onshore wind power shows a gradual reduction, having falling by 15% since Q2 2009, that of ofshore wind has increased (see Figure 6.6) (BNEF, 2011b). This divergence is due to the higher capital costs of ofshore wind developments in recent years.

How can wind turbine costs be reduced by 2020?

Cost reductions of 10% to 20% could be possible by 2020. » Gearboxes: Typically represent 13% to 15% of wind turbine costs The R&D focus for gearboxes is to improve reliability and reduce costs. Vertical integration of gearbox manufacturing by wind turbine suppliers should help reduce costs.

How many GW of wind power are there in 2022?

The worldwide total cumulative installed electricity generation capacity from wind power has increased rapidly since the start of the third millennium, and as of the end of 2022, it amounts to almost 900 GW.