...Recent contracts for wind energy in Texas have been written as cheaply as $25/MWh. Granted, that includes a tax credit, but it still represents wind energy at a levellised cost well below $50/MWh. This is similar to prices struck in Brazil, where 2.3GW of wind energy was recently allocated in an auction at an average price of $47/MWh. These prices have undercut coal and gas fired generation by such a margin that Brazillian authorities had to create a separate auction mechanism for those fuels, although there is no doubt whether they will bother.....
Bloomberg estimates turbine prices have fallen 26 per cent in the last two years, and new structures and mechanisms, not to mention the interest of Buffett and other mainstream investors, are bringing down financing costs as well....
Bloomberg estimates that wind power is now within 5.5 per cent of the cost of electricity from existing coal assets, and the American Wind Energy Association says that wind farms are now profitable without subsidies .....
reneweconomy.com.au/2013/...es-wind-is-cheaper-than-coal-83767