Canaccord Investment Report and true cost of Wind Power projects
Investing in wind power projects and the prospects of free energy does not actually measure up in practice this Canaccord report concludes.
Wind power is seen as costing from $67 to $105 a megawatt, including a return of capital, compared with all-in operating costs of $34 for coal, $47 for nuclear power and $53 for hydro, according to the report titled “All in, wind power is not cheap!”
Investment firms will surely now be re-evaluating wind power funding when it is clear that the payback period is extended and reliant not on solid economics but the whim of government subsidies over a 7 to 10 year timeframe.
This further spotlights the growing awareness that better alternative sustainable clean fuel solutions are needed, such as wood fuel generation programs that have shown promising results already in European field systems of up to 8MW generation capacity.