National lab report: Wind turbine prices drop as designs improve, U.S. supply chain develops
A new report from Lawrence Berkeley National Laboratory (LBNL) researchers finds that two important factors in the trend of wind turbine prices over the past decade have been the scaling up of turbine size to reduce cost of energy (COE) and the growth of a domestic supply chain as the U.S. dollar has declined against other major currencies.
The report, "Understanding Trends in Wind Turbine Prices Over the Past Decade," is authored by Mark Bolinger and Ryan Wiser of LBNL.
It appears to underline the degree to which the wind power industry is still emerging, in the sense that rapid progress in improving wind technology continues. At the same time, the sharp drop in turbine prices in recent ...