Guest Column: Cost of wind projects continues steady decline
Last updated 11/7/2019 at 12:53pm
The U.S. wind industry is booming—expanding from 1.5 gigawatts of cumulative installed capacity in 1998 to 96.4 gigawatts of installed capacity in 2018.
At the same time, the cost of these projects continues to go down. According to the newly-released 2018 Wind Market Technologies Report from the U.S. Department of Energy, the average cost of constructing a wind energy project in 1983 was $4,478 per kilowatt hour. In 2018, the cost dropped to just $1,468 per kilowatt hour.
This stunning $3,010 decrease per kilowatt hour is indicative of the growth of the industry as the U.S. transitions t...