Report Says Wind Power Competitive With Coal

According to a new report by Bloomberg New Energy Finance, wind energy has become cost-competitive with coal in some regions due largely to falling prices. According to Bloomberg, the cost per megawatt for turbines was about $1.33 million last year, which is 19 percent less than in 2007. The report says that in parts of the United States, Brazil, Mexico, Sweden, the overall cost of wind power is now $68/MWh, while coal power costs $67/MWh. Cheaper still is natural gas at $56/MWh.

http://www.grist.org/article/2011-02-07-report-wind-power-now-competitive-with-coal-in-some-regions