DOE: Price Wind Electricity With 2.5c/KWh At All-Time Low
According to a new report by the US Department of Energy and Lawrence Berkeley National Laboratory, utility-scale wind power in new (2013) projects can produce electricity for a price of 2.5 dollar cent/KWh. As a reminder of what a KWh really represents: one man-day of hard physical labor, like lifting a car to the top of the Eiffel tower:
With wind energy you can accomplish this job for 2.5c.
Key findings report:
- Wind is a credible source of new generation in the U.S.
- Turbine scaling is improving wind project performance
- Falling wind turbine pricing continues to reduce installed project costs
- Supply chain and import/export balance is recovering
Conclusion: in the long term the world does not really has an energy problem and does not need fossil fuel. The real problem is in the short and mid term, namely that the world could run out of (cheap) fossil fuel, before a new renewable energy base has been installed, causing an enormous ‘civilizational dip’, that could have been prevented if the world would have reacted fast enough. But it looks as if the world will not react fast enough. In fact, there were credible warnings as early as 1972 with the release of the report of the Club of Rome (‘Limit to Growth‘).