As new technologies go, wind has enjoyed three decades of continuous innovation, performance and reliability improvements and falling costs – benefits of economies of scale, technological advancements and learning by doing. The law of diminishing marginal returns, however, appears to have gotten in the way of further cost reductions.
That appears to be the underlying message from a new report, The Past and Future Cost of Wind Energy with contributions of experts at the National Renewable Energy Laboratory (NREL), the Lawrence Berkeley National Laboratory (LBNL) and a number of European collaborators. Keep reading →