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Title:
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IEA Wind Task 26: Multi-national Case Study of the Financial Cost of Wind Energy
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Author(s):
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Schwabe, P.; Lensink, S.M.; Hand, M.
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Published by:
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Publication date:
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ECN
Policy Studies
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11-3-2011
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ECN report number:
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Document type:
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ECN-B--11-004
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Book
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Number of pages:
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Full text:
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120
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Download PDF
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Published in:.
Abstract:
The lifetime cost of wind energy is comprised of a number of components including the
investment cost, operation and maintenance costs, financing costs, and annual energy production.
Accurate representation of these cost streams is critical in estimating a wind plant’s cost of
energy. Some of these cost streams will vary over the life of a given project. From the outset of
project development, investors in wind energy have relatively certain knowledge of the plant’s
lifetime cost of wind energy. This is because a wind energy project’s installed costs and mean
wind speed are known early on, and wind generation generally has low variable operation and
maintenance costs, zero fuel cost, and no carbon emissions cost. Despite these inherent
characteristics, there are wide variations in the cost of wind energy internationally, which is the focus of this report.
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