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In a few places, wind power is already as cheap as natural gas or coal-fired electricity. By and large, however, it’s still a bit more expensive in most regions ’round the world. But not for long.
Climate Progress points us to this report in Bloomberg New Energy Finance, which has the scoop: “The cost of electricity from onshore wind turbines will drop 12% in the next five years thanks to a mix of lower-cost equipment and gains in output efficiency.”
And that 12% drop will have huge implications, as Bloomberg reports: “The best wind farms in the world already produce power as economically as coal, gas and nuclear generators; the average wind farm will be fully competitive by 2016.”
