The LCOE (cost price) of wind

WIND LCOE

The development of wind turbines and wind generated electricity in the 1980s and 1990s resulted in cost reductions attributable to various innovation processes . In Denmark, the cost of installed wind turbines (i.e. cost per kW) reduced by 5% from 1980 to 1985, and by 50% over the longer period from 1980 to 2000 (Neij et al., 2003). Due to successful up-scaling and improved efficiency, the cost reduction in generated electricity was even larger, falling by 70% during the period 1980 to 2000 in the case of Danish produced wind turbines . The development of larger turbines did, however, face economic and logistical constraints. Until the mid 1990s, up-scaling was limited by the cranes available for the erection of the turbines, and the process of up-scaling with its greater use of materials challenged further cost reductions. Read more about the history wind turbines.


https://orbit.dtu.dk/ws/files/12673809/Neij_Andersen_GEA_case_study.pdf

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