There were many previous beliefs that offshore wind energy
was not very cost effective. However, new research in Denmark has suggested
that wind turbines can produce energy cheaper than both combined-cycle gas
turbines and nuclear power plants. This refutes a recent report by Ernst &
Young (http://www.ewea.org/fileadmin/files/library/publications/reports/EY-Offshore-Wind-in-Europe.pdf)
that implies that offshore wind is still expensive and that it operates with a
similar cost to the combined-cycle gas turbines. However, the data shows that
two different Danish companies, Anholt and Horns Rev3, operate 14% and 37%
cheaper than combined-cycle gas turbines respectively. This same data was
compared to the new nuclear power plant project that was proposed at Hinkley
Point in the UK. Anholt and Horns Rev3 deliver electricity 40% and 58% cheaper respectively than the projected costs of this new nuclear energy. While this is in Europe,
the results are still significant and can be extrapolated to the United States
in my opinion. If wind power is consistently producing cheap energy, we should
start investing more resources into the industry. The results are very promising
and it is also an environmentally conscious way to harness energy.
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