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Cost of Energy Production from Wind, Over Time
A reader asks “what’s changed over 11 years” in defending citation of a blogpost from 2012. Well, one thing is “costs”, as technology and equipment have evolved. From NREL (2022). chart Battery storage costs are also coming down fast, as discussed in this post. Here’s a graph showing the evolution of capital costs and projections from NREL (2021). chart So, what’s changed since 2012. Not sure, but a lot’s changed since 2015. Costs of production and storage of energy from wind is way down. Presumably, incorporating the insecurity of supply from natural gas and/or oil are still high or possibly ... (full story)