Competitiveness of Wind Power
Making comparisons between wind and other sources of energy can be difficult because of the cost profiles associated with wind developments. The vast majority of the costs associated with wind developments are upfront capital costs. The operating costs are relatively low, with each additional unit of wind power costing very little to produce. By comparison, conventional gas and coal developments have large capital costs, as well as significant operating costs. The difference in cost profiles creates difficulties when trying to compare the cost of alternative energy sources.
Despite these complexities, most of the data indicate that wind energy is one of the most cost efficient sources of renewable energy and that when the costs associated with pollution are factored in it is competitive with coal- and gas-fired power stations.
Read more about this topic: Wind Power In Australia
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