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Wind Energy Experts Anticipate Significant Continued Cost Reductions

Diagram of Wind Energy Cost Reduction

A panel of international wind power experts, in a study designed by the University of Massachusetts Amherst’s Erin D. Baker and others, says technology advancements are expected to continue to drive down the cost of wind energy. The survey of the world’s foremost wind power experts led by Lawrence Berkeley National Laboratory, anticipates cost reductions of 24 percent to 30 percent by 2030 and 35 percent to 41 percent by 2050, under a median or “best guess” scenario, driven by bigger and more efficient turbines, lower capital and operating costs and other advancements. The findings are described in an article in the journal Nature Energy published Sept. 12.

Read the UMass News Office Press Release