A just released study on the economics of wind turbine ownership in Denmark concludes that wind energy is still a good investment, despite falling wind power prices. But the association of wind turbine owners disagrees. Utilities are obliged to buy wind power at 85 per cent of the consumer price of electricity, but falling coal and oil prices have led to a reduction of wind payments. Electricity bills remain high though, with increased taxes and standing charges. With many of its members facing bankruptcy, the owners association has been fighting for government to secure the price paid for wind power. Owners of older, less cost effective turbines, bought when interest rates were high, are particularly hard hit by the reduced wind tariff. The association points out that the conclusion drawn by the government report is only true for wind turbines erected at today's low interest rates and on the most windy sites. It is these sites which are now in short supply and well guarded by local governments -- despite the public's overwhelming desire for more use of wind energy.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol