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The Cost of Land-Based Wind Turbines Are Now Competitive With Fossil Fuels in Most Places

·2 mins read

DUBLIN, Sept. 21, 2020 /PRNewswire/ -- ResearchAndMarkets.com published a new article on the Wind Power industry "The Cost of Land-Based Wind Turbines Are Now Competitive With Fossil Fuels in Most Places"

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With increasing public pressure to focus on clean energy sources, new ventures have tried to capitalise on the widespread power of wind. While investors have often focused on the Godzilla-sized offshore wind turbines, however, they have often overlooked the more affordable and hassle-free potential of smaller, land-based turbines, according to an article in the Wall Street Journal.

The cost of land-based turbines are now competitive with fossil fuels in most places, according to BloombergNEF. Denmark's Vestas Wind Systems now has 96 gigawatts under service contracts, and there could be a demand for another 150 GW of onshore installations in Europe in the coming years. In the USA, meanwhile, the temporary tax credit on turbine production is due to expire soon, producing a rush to start new wind-energy projects this year.

To see the full article and a list of related reports on the market, visit "The Cost of Land-Based Wind Turbines Are Now Competitive With Fossil Fuels in Most Places"

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SOURCE Research and Markets