Wednesday, February 13, 2013
Australian Wind Energy Now Cheaper Than Coal, Gas, BNEF Says
Wind is now cheaper than fossil fuels in producing electricity in Australia, the world’s biggest coal exporter, according to data compiled by Bloomberg.
Electricity can be supplied from a new wind farm in Australia at a cost of A$80 ($84) per megawatt hour, compared with A$143 a megawatt hour from a new coal-fired power plant or A$116 from a new station powered by natural gas when the cost of carbon emissions is included, according to a Bloomberg New Energy Finance report. Coal-fired power stations built in the 1970s and 1980s can still produce power at a lower cost than that of wind, the research shows.
See full Article: http://www.bloomberg.com/news/2013-02-06/australia-wind-energy-cheaper-than-coal-natural-gas-bnef-says.html