Monday, December 9, 2013

Astonishing Facts: New Wind Farms In New Mexico, Texas & Minnesota Cost Just 2.2 to 3.3 Cents/Kwh

Last month revealed truly astonishing utility Power Purchase Agreements (PPA) for new wind power in New Mexico, Minnesota, and Texas. Utilities are purchasing new wind generation for $22 to $33/Mwh.  That is astonishingly low pricing and wonderful bargains for the lucky consumers!

How do these wind prices compare to the cost of a new gas plant? A new gas plant today would generate gas at a cost of about $50 to $60/Mwh.

The bargain pricing in New Mexico, Minnesota, and Texas reflects continued improvement in wind turbines that each year produce more power at lower costs per kilowatt-hour. Wind will soon provide 5% of America's power, and the continued cost declines mean that wind can provide 20% of our electricity by 2035.

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