The cost of onshore wind power has fallen dramatically over the last decade, reaching grid parity in some parts of the world such as Brazil. Even in parts of northern Europe, such as the UK, the cost of wind power is in some cases on a par with coal and gas fired power plants. However, there is still plenty of scope to reduce costs even further through improvements in turbine technology, installation and deployment as well as operation and maintenance.
Alstom is essentially working in two areas to lower the cost of wind power: firstly by improving energy production; and secondly, by reducing overall project costs.
Article published in: FuturENERGY January-February 2015