Technical FAQs 4

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.

Are offshore wind turbines a good investment?

However, offshore turbines benefit from stronger, more consistent winds that can deliver capacity factors of 45-65%, significantly higher than onshore alternatives. Understanding the total cost of wind turbine ownership requires examining both initial capital expenditures (CAPEX) and ongoing operational expenditures (OPEX).

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 commercial wind turbine cost?

For commercial wind turbines, the answer is millions of dollars per turbine. Wind turbines cost a lot, and as such the investment is to be recouped over a long period of time. Turbines produce significant electricity and sell it back to local power utilities where it flows to the power grid, to be used by homes and businesses.

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