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13498Wind energy becoming cheaper than natural gas | Grist

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  • Doug Kalmer
    Dec 11, 2013
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      In the blustery Midwest, wind energy is now coming in even cheaper than natural gas. From Greentech Media:

      “In the Midwest, we’re now seeing power agreements being signed with wind farms at as low as $25 per megawatt-hour,” said Stephen Byrd, Morgan Stanley’s Head of North American Equity Research for Power & Utilities and Clean Energy, at the Columbia Energy Symposium in late November. “Compare that to the variable cost of a gas plant at $30 per megawatt-hour. …”

      Byrd acknowledged that wind does receive a subsidy in the form of a production tax credit for ten years at $22 per megawatt-hour after tax. “But even without that subsidy, some of these wind projects have a lower all-in cost than gas,” Byrd said.
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