Wednesday, December 11, 2013

Stunning Fact: Morgan Stanley States New Wind Costs Less Than Coal And Gas In Midwest

Here is yet more evidence of the incredibly low prices wind power has achieved. And this data comes from the heart of Wall Street---Morgan Stanley to be precise:

“In the Midwest, we’re now seeing power agreements being signed with wind farms at as low as $25 per megawatt hour,” said Stephen Byrd, Morgan Stanley’s Head of North American Equity Research for Power & Utilities and Clean Energy at the Columbia Energy Symposium in late November. “Compare that to the variable cost of a gas plant at $30/MWh, the all-in cost to justify the construction of a new gas plant would be above $60/MWh.”

Wind power is a triumph for America's economy and environment, making Uncle Sam more competitive and cleaner.

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