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Wind Turbine Costs  

The price banana

When you plot out the cost compared to power output of a wind turbine on a graph the results form an expanding cone, the range of power available for a set price increases. So the more you spend on a wind turbine the greater the variation in how much power you will get from it. This is down to the possible configurations at those various sizes. Certain variations around the same generator size will normally increase the price. Taller towers or longer blades are the usual variations which add to the price.



 
Economies of Scale

Because of economies of scale, comparing a 150 kW wind turbine with a 600 kW machine, the price of the larger turbine will be roughly triple, instead of quadruple the price of the smaller turbine. This is simply due to the fact that not everything scales up. A turbine of any size will have many components which are similar or identical to those of every other turbine. The electronics will be largely the same (a few extra metres of wire will not cost very much) for example. The time taken to build two different turbines will not be very different no matter what size they are and the raw materials are not as expensive as the time it takes a skilled worker to shape and assemble them.

wind turbines


These economies can also be applied to building multiple, rather than individual turbines. However, these savings are usually minimal when compared the expense of such an enterprise. Even opting for a wind park can confer some economies of scale, although in such scales the savings tend to be limited.

Price Competition and Product Range

The competition on price among manufacturers has been growing in recent years as demand rises. The range of wind turbines available is especially large around the 1-2 MW rating, again this is due to the balanced nature of turbines of this rating. It is at this level that you are most likely to find a turbine which is optimised for a huge variety of wind climates. It is also where the greatest demand is.

Typical 1000 kW Machines on the Market Today

Although the prices in 600 to 750 kW range are quite similar, you would be better not just opting for the machine with the largest generator for your budget. It is always best to balance the generator size with the typical wind speed for any given location and the acceptable rotor size. A turbine with a small rotor diameter and a large 750 kW generator will generate less electricity than 600 kW machine with the same sized rotor if it is positioned in an area with low wind speeds. The most common turbine erected at the moment would have a 1000 kW generator, a tower 60 to 80 metres high and a rotor with a diameter of 54 metres.

£800 per Kilowatt Average

For a large, modern wind turbine (in the 1000 kW range) is approximately £800 per kW of electrical power to install. A 1000 kW turbine would be expected to produce 26,280,000 kWh in a year*, although this depends on the wind.

* Source Department of Business, Innovation and Skills



Wind Measurement specialists Economics > Turbine Costs
> Operational & maintenance costs for turbines
> Income
> Tariffs
> Investment in wind power

 
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