With Larger Wind Turbines and More Technology, Wind Energy Is Set to Become Much Cheaper in the Future

Written by Fabio Lucas Carvalho

Published on 15/04/2021 at 18:34

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Technology Will Advance And Everything Indicates That The Use Of Wind Energy Will Become Much Cheaper In The Future

In a study by Lawrence Berkeley National Laboratory (Berkeley Lab), one of the world’s leading experts in wind energy, came an encouraging piece of news for the future of clean energy. The entity believes that it will become increasingly cheaper to have wind energy at home.

The main reasons are advancements in technology and also commercial breakthroughs, such as government incentives and tax reductions.

Experts at Berkeley Lab believe that by 2035, the costs of wind energy will decrease by between 17% and 35%. By 2050, the cost reduction is expected to be between 37% and 49%.

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This cost reduction will be driven by much larger and even more efficient wind turbines, along with lower overall costs for implementing the technology.

The Berkeley Lab had conducted a similar study in 2015, which showed a cost forecast that is double the new assessment:

”Wind energy has experienced accelerated cost reductions in recent years, both onshore and offshore, rendering previous cost predictions obsolete”, it pointed out.

The study also highlights that even with advanced onshore and offshore technology, there is still much room for new improvements in technology and even greater cost reductions.

Consequently, studies still indicate that there is a 10% chance that costs will be even higher than the most likely scenario: between 38% and 53% by 2035 and 54% to 64% by 2050.

More Technology To Reduce Wind Energy Costs

The study reveals that one of the main reasons to believe that wind energy will be much cheaper in the future is the size of the turbine.

Onshore energy is expected to see an increase in generator ratings, rising to 5.5 MW in 2050, up from 2.5 MW in 2019. Additionally, factors such as rotor diameter and hub heights should make towers even more efficient.

Offshore energy is also expected to gain more ground in the market.

If costs continue to decline, future wind energy will have an even greater market share: ”If all else remains equal, these trends will allow wind to play a larger role in global energy supply than previously thought, while also facilitating the decarbonization of the energy sector”, said Joachim Seel.

With Larger Wind Turbines and More Technology, Wind Energy Is Set to Become Much Cheaper in the Future

Technology Will Advance And Everything Indicates That The Use Of Wind Energy Will Become Much Cheaper In The Future

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More Technology To Reduce Wind Energy Costs

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