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Technology Stocks : American Superconductor (AMSC)

AMSC 35.70

-2.3%

1:17 PM EST

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From: David C. Burns	11/15/2011 6:51:08 PM
	of 973

Wind Electricity To Be Fully Competitive With Natural Gas by 2016, Says Bloomberg New Energy Finance The best wind farms in the world are already competitive with coal, gas and nuclear plants. But over the next five years, continued performance improvements and cost reductions will bring the average onshore wind plant in line with cheap natural gas, even without a price on carbon, according analysis from Bloomberg New Energy Finance. After analyzing the cost curve for wind projects since the mind-1980's, BNEF researchers showed that the cost of wind-generated electricity has fallen 14% for every doubling of installation capacity. These cost reductions are due to a number of factors: more sophisticated manufacturing, better materials, larger turbines, and more experience with plant operations and maintenance. Those improvements, combined with an oversupply of turbines on the global market, will bring the average cost of wind electricity down another 12% by 2016. renewableenergyworld.com

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