NewEnergyNews: EU Ocean Wind Now Beats Fossils W/O Supports

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    Saturday, July 01, 2017

    EU Ocean Wind Now Beats Fossils W/O Supports

    Wind Energy Has Officially Become Cheaper Than Fossil Fuels

    Tom Ward, June 28, 2017 (Futurism)

    “…[A Siemens wind power estimate found Europe’s offshore wind industry has reached its €100 ($113) per megawatt hour (MWh) price goal] three to four years ahead of schedule…[Offshore wind farms are now] economically viable without additional support…[The price has fallen] 27 percent since 2014…[It is now either cheaper or equal to coal-fired generators, nuclear reactors, and rooftop solar arrays…[Some] predict a further reduction in price…Siemens Gamesa and MHI Vestas Offshore Wind plan to have [technologies to achieve that] in place in time for the 2024-2025 North Sea project’s completion…” click here for more

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