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Wind Power to Compete With Fossil Fuels by 2015, Danish Consultancy Says

(Bloomberg)

Onshore wind power will become competitive with traditional fossil fuels in Europe, the U.S. and Asia by 2015, Danish researcher Make Consulting said.

Worldwide, the technology is an average of about 10 percent above grid parity -- the level at which it’s able to compete with other technologies if all are subsidy-free -- according to a paper e-mailed today by Make. Larger and more efficient machines will help wind become competitive within two years, and further drive down costs through 2020, Make said.

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