The cost of onshore wind energy in the UK is likely to fall from its current level of £0.031/kWh to £0.027/kWh in 2010. These are the latest prices published by the Department of Trade and Industry (DTI) in its Renewables Innovation Review. The prices result from research by economic research consultants OXERA. Offshore wind will fall from its present £0.055/kWh to £0.044/kWh, it says. The downward trend will continue to 2020, when OXERA expects onshore wind to cost £0.025/kWh and offshore £0.037/kWh. According to the report, capital costs of building new plant will fall from £605-£800/kW for onshore wind to £553-£744 in 2010 and from £1100-£1430 to £863-£1122 for offshore wind.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol