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In 2019, there were bids for new offshore wind farms in the United Kingdom, with costs as low as 3.96 pence per kWh (4.47 ct). [112] In the same year, there were bids in Portugal for photovoltaic plants, where the price for the cheapest project is 1.476 ct/kWh. [113]
As of 2019, the capital cost of a wind turbine was around $1 million per megawatt of nameplate capacity, though this figure varies by location; for example, such numbers ranged from a half million in South America to $1.7 million in Asia. [81]
In 2012, Bloomberg estimated that energy from offshore wind turbines cost €161 (US$208) per MWh. [41] Costs of offshore wind power are decreasing much faster than expected. By 2016, four contracts (Borssele and Kriegers) were already below the lowest of the predicted 2050 prices. [42] [43]
Trump says wind turbines are horrible, only work with subsidies and are “many, many times” more expensive than natural gas. Offshore wind is among the sources of new power generation that will cost the most, at about $100 per megawatt hour for new projects connecting to the grid in 2028, according to estimates from the Energy Information ...
Offshore turbines are even more resource-intensive, demanding 17 tons per megawatt. Onshore wind farms require 30,000 acres per terawatt-hour annually, according to the Institute for Energy Research.
The list includes wind turbines with a power rating that is within 5 MW of the current most powerful wind turbine that has received customer orders that is at least at the prototype stage. All the most powerful turbines are offshore wind turbines. This list also includes the most powerful onshore wind turbines, although they are relatively ...