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BNEF lcoe wind power

Published on May 6th, 2013 | by Zachary Shahan


Solar PV Module Prices Have Fallen 80% Since 2008, Wind Turbines 29%

May 6th, 2013 by  

I know most of you have seen such graphs many times, but I can’t resist sharing another one every once in awhile. And the truth is, a lot of people are completely oblivious to this. Those who follow cleantech news know the strong trend, but the common person certainly doesn’t. Do everyone a favor — share this graph with your friends! 😀

price of solar drop 2008 80 percent

Wind Power Prices Also Dropping

Wind turbine prices have followed a similar (if not quite as extreme) trend. Since 2008, wind turbine prices have fallen 29%. Wind power is more mature than solar. It is already the cheapest electricity option in many or even most places. You can see in the graph below that it had most of its massive price drops in the 1990s.

lcoe wind power

The full BNEF presentation those graphs come from was a presentation at the  Clean Energy Ministerial in Delhi, India on April 17, 2013.

Stay tuned, because I’ve got a post coming in about one hour that goes very well with these, but takes things even a step further. 
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About the Author

is tryin' to help society help itself (and other species) one letter at a time. He spends most of his time here on CleanTechnica as its director and chief editor. Otherwise, he's probably enthusiastically fulfilling his duties as the director/editor of EV Obsession, Gas2, Solar Love, Planetsave, or Bikocity; or as president of Important Media. Zach is recognized globally as a solar energy, electric car, energy storage, and wind energy expert. If you would like him to speak at a related conference or event, connect with him via social media:, .

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