Tue, Jul 29, 2014, 2:15 AM EDT - U.S. Markets open in 7 hrs 15 mins


% | $
Click the to save as a favorite.

BP plc Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • norris_3845 norris_3845 May 24, 2009 1:03 AM Flag

    CEO wind 20 percent of U.S. by 2020

    I have studied windpower in detail. Some of the best data comes from Europe since they have built and used windmills to generate power for quite some time. In doing this analysis one must be quite careful because much of what you see on the net is very misleading. For example, many websites say that you can generate electricity at $.05/kwhr with windpower. However, when you get the studies and dig in to them you find out that number comes from a full utilization (remember, wind does not blow at full strength all the time - the correct number is between 25% to 28%) and usually does not include the cost of land, the interconnection cost (i.e. getting power to market), and manitainence. When you look at fully amortised costs with true utilisation, the costs are about $.18/kwhr. This is, in fact, what the windfarms charge the utility companies in California (by California law they have to buy it).

    Since you can generate electricty at $.03 to $.05 by coal and $.07 to $.09 by natural gas; it becomes obvious that without series tax subsidies, wind power is not economical. My question about windpower is always this, when the consumer sees his electric bill more then doubled will the political will to use windpower survive?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
50.64-0.28(-0.55%)Jul 28 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.