Producing electricity by utilizing wind power isn’t free, but it is getting cheaper a lot faster than anyone projected.
Wind-generated electricity costs have dropped by a staggering two thirds in the last six years and are projected to continue the drop through 2025, according to several new reports.
Improving technology and lower costs across the board are contributing to the falling costs, according to the American Wind Energy Association.
Bigger and more technologically advanced wind turbines are a big contributing factor. The average capacity of wind turbines installed in the US has almost doubled, and the average hub height has increased by 47%.