Onshore Wind at Grid Parity by 2016

According to Bloomberg, New Energy Finance, improved efficiencies and declining costs will make the average wind farm cost-competitive with coal, gas, and nuclear by 2016 (the best ones already are there). According to Justin Wu, the firm’s lead wind analyst:

The press is reacting to the recent price drops in solar equipment as though they are the result of temporary oversupply or of a trade war. This masks what is really going on: a long-term, consistent drop in clean energy technology costs, resulting from decades of hard work by tens of thousands of researchers, engineers, technicians and people in operations and procurement. And it is not going to stop: In the next few years the mainstream world is going to wake up to wind cheaper than gas, and rooftop solar power cheaper than daytime electricity. Add in the same sort of deep long-term price drops for power storage, demand management, LED lighting and so on – and we are clearly talking about a whole new game.