Experts anticipate substantial cost reductions for onshore, fixed-bottom offshore, and floating offshore wind power, but there is considerable uncertainty in those future costs. (Credit: Berkeley Lab)
Experts anticipate substantial cost reductions for onshore, fixed- bottom offshore, and floating offshore wind power, but there is considerable uncertainty in those future costs. (Credit: Berkeley Lab) - Berkeley Lab-led study shows expected cost declines of 17%-35% by 2035 and 37%-49% by 2050 Technology and commercial advancements are expected to continue to drive down the cost of wind energy, according to a survey led by Lawrence Berkeley National Laboratory (Berkeley Lab) of the world's foremost wind power experts. Experts anticipate cost reductions of 17%-35% by 2035 and 37%-49% by 2050, driven by bigger and more efficient turbines, lower capital and operating costs, and other advancements. The findings are described in an article Energy. The study summarizes a global survey of 140 wind experts on three wind applications - onshore (land-based) wind, fixed-bottom offshore wind, and floating offshore wind. The anticipated future costs for all three types of wind energy are half what experts predicted in a similar Berkeley Lab study in 2015. The study also uncovered insights on the possible magnitude of and drivers for cost reductions, anticipated technology trends, and grid-system value-enhancement measures.
TO READ THIS ARTICLE, CREATE YOUR ACCOUNT
And extend your reading, free of charge and with no commitment.
