Team ‘green energy’ recently scored another goal in the ongoing match for power affordability supremacy, when a recent analysis showed wind energy is already cheaper than both gas and nuclear power. The analysis, done by energy consultant Mike Parr, looked at public data on offshore wind energy in Denmark (where world record wind power is generated) and revealed that the technology is already financially viable and no longer needs subsidies from the UK government.
The analysis relied on records of the monthly output of all wind turbines (onshore and offshore) in Denmark, along with hourly data on the aggregate output of offshore wind projects, according to Clean Technica. Due to its relative ease of use, this information gave Parr the opportunity to do an in-depth financial analysis of existing and future wind projects n Denmark, as well as projects in the German part of the North Sea.
Parr’s conclusions were that wind power is, indeed cheaper than electricity from gas-fired plants. According to EnergyPost:
“When we analyse the available data, we can draw some interesting conclusions about the evolution of costs in offshore wind. Offshore wind turbines already appear to be cheaper than combined-cycle gas turbines (CCGT’s), although this is not yet reflected in the subsidies that the operators get.”
Energy derived from one plant in the analysis, Anholt, was shown to be about 40 percent cheaper than the proposed Hinkley nuclear project in the UK, while the proposed Horns3 offshore wind project will supply electricity for 58 percent less than the nuclear plant would cost.
Via Clean Technica