Technical FAQs 4

How much does it cost to build a wind turbine?

A: The cost to build a wind turbine typically ranges from $3,000 to $8,000 per installed kilowatt. This translates to approximately $3 million to $8 million for a 1.5-megawatt turbine, including equipment, installation, and land acquisition costs. Variable factors include location, turbine size, and project scale.

How much does onshore wind energy cost?

As of recent evaluations, onshore wind energy boasts an LCOE as low as $30 per megawatt-hour (MWh), making it one of the most cost-effective forms of electricity generation.

How much does an offshore wind turbine cost?

Large offshore turbines can cost tens of millions of dollars, with the most powerful 12 MW turbines reaching up to $400 million for manufacturing and installation. Lastly, Statista reports that the global average installed cost for onshore wind power was approximately $1,160 per kilowatt in 2023.

How much does a community-scale wind turbine cost?

Moving up to larger 250 kW community-scale wind turbines suited for powering schools, farms, businesses and small neighborhoods, costs scale to approximately $500,000 to $750,000 each when factoring in installation.

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