Tags: Wind Turbine Cost

4 FAQs about Wind turbine cost per year

Are wind turbines expensive?

Wind turbines are expensive. Very expensive. But while the initial costs are high, what materials achieve the best cost-benefit ratio, and how best to maintain and prolong the life of their turbines. The current price of raw materials such as steel and copper has an effect on the initial cost, which can fluctuate over the course of a year.

How much does a wind farm cost?

The location of a wind farm can have a profound effect on cost. While a wind turbine in Europe or the United States can cost about $1 million per MW, turbines installed in countries like Brazil can be as cheap as $500,000 per MW. Once the turbines are erected, they must be wired to the electrical grid.

How much does a 12 MW wind turbine cost?

The most powerful 12 MW wind turbine costs up to $400 million to manufacture and install. Costs for utility-scale wind turbines can be broken down into three categories: manufacturing, transport and installation, and operations and maintenance. Researchers are constantly working to drive down the costs.

How much does a commercial wind turbine cost?

According to HomeGuide, the average cost for a commercial wind turbine ranges from $2.5 million to $4 million, with prices typically around $1 to $1.25 million per megawatt. Onshore turbines generally have capacities between 2 to 4 megawatts, while larger offshore turbines can cost significantly more, often exceeding $100 million.

View/Download Wind turbine cost per year [PDF]

PDF version includes complete article with source references. Suitable for printing and offline reading.