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Australian wind farms undercut fossil fuel power prices

publié le 12 févr. 2013 à 07:32 par Regis Castellani
New research from Bloomberg New Energy Finance (BNEF) has this week provided further evidence that renewable energy can increasingly compete on cost with fossil fuels, revealing that unsubsidised wind farms can undercut electricity sold by new coal or gas-fired power plants.

The analysis suggests electricity can be provided from wind farms at a cost of A$80/MWh, while the cost of power from new coal or gas plants, which is now subject to a carbon tax, stands at A$143/MWh and A$116/MWh respectively.

Significantly, even when the impact of the Australian carbon tax is stripped out wind power is still 14 per cent cheaper than new coal and 18 per cent cheaper than new gas.

"The perception that fossil fuels are cheap and renewables are expensive is now out of date," said Michael Liebreich, chief executive of BNEF, in a statement. "The fact that wind power is now cheaper than coal and gas in a country with some of the world's best fossil fuel resources shows that clean energy is a game changer which promises to turn the economics of power systems on its head."
BusinessGreen 12 février 2012
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