Answering your questions about wind energy

Affordable Power

Wind energy is an affordable source of new electricity – costs are declining while efficiency is increasing.

Facts

  • While all new sources of electricity generation will cost more than current sources of supply that have been built and paid for decades ago – wind energy is more cost-competitive than new installations of coal with carbon capture and storage, small hydro, and nuclear power.
  • The fuel that turns the turbine blades is free; this means that once a wind farm is built, the price of electricity it produces is set and remains at that level for the entire life of the wind farm.
  • Traditional sources of energy are open to extreme price volatility, so the long-term cost-certainty and stabilizing effect of electricity rates from wind farms provide important protection for consumers.
  • The cost to build wind energy continues to decline, with dramatic drops over the past three years while significant efficiency gains are being realized in modern technology and siting.
  • Wind projects have very short construction periods and can be deployed quickly with positive impacts delivered to local communities.

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Amazing facts about the affordability of wind energy

Facts About Affordability Wind Energy

  • There is an urgent need to invest in new electricity generation and infrastructure after decades of underinvestment. According to the Conference Board of Canada, $347 billion in investment in Canada’s electricity system is required between now and 2030 – and all of these costs will be passed on to consumers.
  • According to the Ontario Energy Board, 45 per cent of the increase in Ontario's global adjustment since 2006 is due to nuclear power, while only 6 per cent of the increase is due to renewable energy
  • At its current rate of 11.5 cents per kWh in Ontario, wind energy is cost-competitive with all other new sources of electricity generation. Published reports peg nuclear’s all-in cost at anywhere between 25-28 cents/kwh.

Resources


Questions? We'll Answer

What are the costs needed to be considered in producing wind power /what is your estimated cost per kWh for a wind farm. (marginal private costs)
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Does the wind turbine have a limited useful life and how much it is cost to build a wind turbine?
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Typically, how much land is required for an average wind farm? Is there an area to energy capacity ratio for an average wind farm?
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How does wind energy work?
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How does wind make electricity?
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How much money does the Indian government pay in setting up a windmill
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