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Wind Farm Electricity Production Costs Fall 32%

Posted: 14/02/2017

It’s costing wind farms in the UK less year on year to produce electricity, a new report commissioned by the Offshore Wind Programme Board has just revealed. In fact, costs have reduced by 32 per cent in the past four years – four years ahead of the government’s own target.

The UK has to hit targets to slash emissions of greenhouse gases by 80 per cent by 2050, Reuters reports. And now it seems that it’s well on its way to doing so, thanks to developers like DONG Energy, who have worked to drive down costs quickly over the last couple of years by increasing the size of the turbines in use.

Jesse Norman, Energy Minister, commented on the report, saying that offshore wind will carry on helping the UK meet its climate change targets, while delivering both growth and jobs nationwide into the future.

“Thanks to the efforts of developers, the UK’s vigorous supply chain and support from government, renewables costs are continuing to fall,” he was quoted by the news source as saying.

However, some critics have come out and said that offshore wind is still a lot more expensive than electricity generated by fossil fuels, while environmental campaigners have voiced concerns that wind farms could be harmful to marine life.

There can be no denying, however, that huge strides have been made in recent times where wind power is concerned. At the start of the year, for example, the National Grid announced that on and offshore turbines set a new record after generating more than 10,000 megawatts of clean electricity for the first time ever.

And during April last year, wind generated more electricity than coal did for an entire month for factories, businesses and homes across the country. An impressive 2,290 gigawatt hours was generated by wind, while coal generated some 1,755.

A recent Global Wind Energy Council (GWEC) report, published back in November 2016, predicted that wind power would be able to supply 20 per cent of all electricity demand on a global scale by the year 2030, which would see carbon emissions cut by more than 3.3 billion tonnes a year. This could mean that investments in the sector would be far more likely, with some £178 billion worth attracted and 2.4 million new jobs created as a result over the next 14 years.

“Wind power is the most competitive option for adding new capacity to the grid in a growing number of markets but if the Paris agreement targets are to be reached, that means closing fossil fuel fired power plants and replacing them with wind, solar, hydro, geothermal and biomass,” Steve Sawyer of the GWEC was quoted by Energy Live News as saying.

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