Wind Turbine Prices in U.S. Plummet Faster Than Globally

This article first appeared on the BNEF mobile app and the Bloomberg Terminal.

  • Price falls well below $1 million per megawatt
  • Looming end of tax credit beckons turbine-maker competition

United States and global wind turbine prices by delivery date  

Note: Price of contract is calculated on day of signing and quoted by date of delivery. Source: Bloomberg New Energy Finance 

The price for U.S. wind turbines delivered in 2H 2017 dropped to $0.83 million per megawatt, according to Bloomberg New Energy Finance’s Wind Turbine Pricing Index – well below the global average price of $0.99 million per megawatt. Fierce price competition between turbine manufacturers to secure as much of a surge in 2016 orders drove the rapid U.S. pricing plunge. The 11 gigawatt surge in 2016 turbine and equipment orders – delivered at most 3.5 months after 2016 – was a direct result of developers rushing to qualify as many projects possible for the final round of 100 percent of U.S. wind’s main federal subsidy.

 

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