Our earlier post, “LCOE’s to compare energy investments”, focused on levelized costs of energy. This post will more closely examine LCOE’s for wind energy. In doing so, we will seek to understand the calculations and their unique charateristics, and explore the differences between offshore and onshore projects. Finally, we will present an overview of some selected countries and their respective LCOE’s.
Sun is playing a significant part in the formation of winds, as suns thermal energy, through convection, heats earth’ surfaces. The differences in surface temperatures are causing the emergence of wind. Hence, as long as there is the sun, there will be wind.