... At today’s capital costs, $1 million worth of a modern wind turbine will produce, over 30 years of operation, about 100,000 barrels of oil equivalent (BOE) of energy. And $1 million worth of today’s rooftop solar panels will produce, again over the same 30 years, less than 50,000 BOE. Compare this to what $1 million worth of a shale rig produces over 30 years of operation: at least 400,000 barrels of actual petroleum, or 400,000 BOE of natural gas.
Energy Produced Per $1 Million Of Hardware 30-Year Output: Barrels of Oil Equivalent (BOE)
Data sources: NREL, AWEA, RBN Energy
realclearenergy.org |
|
