Wind power is cheapest energy, EU analysis finds

A new report prepared for the European Commission shows that onshore wind is cheaper than coal, gas or nuclear energy when the costs of ‘external’ factors like air quality, human toxicity and climate change are taken into account.

The report says that for every megawatt hour (MW/h) of electricity generated, onshore wind costs roughly €105 (£83) per MW/h, compared to gas and coal which can cost up to around €164 and €233 per MW/h, respectively.

This was reported in The Guardian, in an article by Arthur Neslen on 14 October.  The following is excerpted from the article.

>>Nuclear power, offshore wind and solar energy are all comparably inexpensive generators, at roughly €125 per MW/h.

“This report highlights the true cost of Europe’s dependence on fossil fuels,” said Justin Wilkes, the deputy CEO of the European Wind Energy Association (EWEA). “Renewables are regularly denigrated for being too expensive and a drain on the taxpayer. Not only does the commission’s report show the alarming cost of coal but it also presents onshore wind as both cheaper and more environmentally-friendly.”

The paper, which was written for the European commission by the Ecofys consultancy, suggests that the Conservative party plan of restricting new onshore windfarms will mean blocking out the cheapest source of energy when environmental and health facts are taken into consideration. It has been suggested the Tory plan could be done through a cap on onshore wind turbines’ output, lower subsidies or tighter planning restrictions.

“Any plans to change policy for onshore wind must be looked at in the context of this report,” said Oliver Joy a spokesman for EWEA. “Investors need long-term visibility. ‘Stop-start’ policies as well as harsh retroactive changes can blindside investors, driving up the risk premium and cost of capital.”

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