1mw wind turbine cost

Although onshore wind electricity as a whole has declined in price by 70% within the last 10 years, the manufacturing and installation of wind turbines still cost a lot.

IHS Markit claims that on average O&M costs average between $42,000 and $48,000/MW during the first 10 years of a wind turbine''s operations. This overall number gets higher as the turbine ages, which makes a lot of sense considering the eventual wear and tear.

At first, the costs do seem rather outrageous, however, these grand machines are long-term investments and the hope is that they pay for themselves in the long run.

It is important to note that a wind turbine has a maximum rated capacity (such as 2 megawatts). However, it will only produce electricity at a "capacity factor" due to fluctuating wind conditions.

About 1mw wind turbine cost

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About 1mw wind turbine cost

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