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Renewables on the rise around the world
Staff Report
FRISCO — A new report from the U.S. Department of Energy shows that wind energy prices have fallen to an all-time low, with prices offered by wind projects to utility purchasers averaged under $0.2.5 per/kWh. The falling prices have spurred increased demand by utilities, according to the report, with wind power comprising 33 percent of all new U.S. electric capacity additions since 2007
“Wind energy prices, particularly in the central United States, have hit new lows, with utilities selecting wind as the low cost option,” Berkeley Lab senior scientist Ryan Wiser said. “Moreover, enabled by technology advancements, wind projects are economically viable in a growing number of locations throughout the U.S.”
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