Wind power is now cheaper than nuclear and gas
While analyzing three wind farms in Denmark analyst Mike Parr uncovered that much of the money subsidied to the industry ends up in the pockets of the operators. Today's wind generators are actually much cheaper to build and maintain, and produce cheaper electricity; 60% cheaper in some cases.
It is common sense to suspect that an energy source requiring no fuel would be cheaper than one requiring constant aquisition of fuel. The UK findings provide definitive evidence that this is true.
According to Parr, "when we analyse the available data, we can draw some interesting conclusions about the evolution of costs in offshore wind. Offshore wind turbines already appear to be cheaper than combined-cycle gas turbines."
Because the data is available publicly, Parr was able to do an in-depth analysis of the energy structure of Denmark which is available here.
Image Credit: http://inhabitat.com/offshore-wind-is-already-cheaper-than-gas-or-nuclear-power/
http://www.energypost.eu/myth-expensive-offshore-wind-already-cheaper-gas-fired-nuclear/