NewEnergyNews: EU Wind Beats The Cost Of New Nuclear

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    Friday, July 29, 2016

    EU Wind Beats The Cost Of New Nuclear

    European wind energy is now cheaper than nuclear power

    Julie M. Rodriguez, July 25, 2016 (inhabitat)

    “Wind energy has officially overtaken nuclear power as the most affordable energy option – at least in countries surrounding the North Sea. In nearby European nations, the cost of wind is now 30 percent lower than nuclear, a promising development in the push for renewable energy around the world. At the rate of present installations, industry group WindEurope predicts these wind farms will generate a full 7 percent of all energy within Europe by 2030…The reason for the drop in price is largely due to the fact that offshore wind farms are becoming cheaper and easier to build…While these falling wind power costs only represent a small part of the global energy market, there’s no reason other regions can’t build up a similar capacity. China, for instance, has built so many solar and wind facilities that it’s already on track to exceed its own emissions targets by 2020…” click here for more

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