By Michelle Froese This article comes from New Energy Update, and is authored by Richard Wachman. Read the full version here.
Larger turbines with higher efficiency rates are driving down the cost of onshore wind power. Companies are installing longer blades to similar generator sizes to raise output efficiency and improve the competitiveness against other generation types.
By 2016, the levelized cost of energy (LCOE) of U.S. offshore wind farms had fallen to $30/MWh-$62/MWh, the Lazard research group said in a report.
Image: Berkeley Lab Survey (2016).
Wind experts predict the LCOE of onshore wind will fall by 24% by 2030 as technology improvements drive a
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