Wind power is competitive

Wind power has now reached a level of technological maturity where it can compete on price with conventional sources of energy. And as a business investment, it’s as competitive as more conventional energy sources, such as oil and gas.

Wind power is free and plentiful
In 2006, a report by Emerging Energy Research revealed that land-based wind power is only marginally more expensive than electricity from a new coal-fired power station – and its cost is equal to electricity from a new natural gas-fired plant. But that’s not taking into account the cost of CO2 emissions.

Improving technology to drive competitiveness
Since we put up the first turbine in 1976, we have improved output 100 times over. Our aim is to bring down the cost of wind-generated electricity even further. Vestas is already the world leader in turbine technology and we have more than 20,000 people working to constantly improve our turbines even more. Take the V90-3.0 MW turbine. Every aspect has been rethought to reduce the cost per kWh. It’s lighter, making it cheaper to produce, transport and install. And it takes only three hours for a V90-3.0 MW to supply the average European family with electricity for an entire year.

Vestas R&D Technology is investing heavily in new technologies all over the world. Besides the largest R&D center placed in Aarhus (Denmark) we have opened or plan to open R&D centers in Singapore, Chennai (India) and Houston (US).

Still not convinced? There are four other reasons why wind is modern energy:

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Wind power is predictable
Wind power is independent
Wind power is fast
Wind power is clean