Onshore wind is the cheapest source of electric power in Europe, said EDP

Onshore wind has become the cheapest form of energy in Europe according to Portuguese utility EDP's Investor Day 2014 presentation in London on 14 May 2014.



The levelised cost of energy (LCOE) of onshore wind power in Europe in 2012 was 68 euros per MWh, 20% cheaper than natural gas and nuclear, and one third cheaper than coal. By comparison, offshore wind is almost three times more expensive.

Neto told the analysts that wind energy is also cheaper than gas in key emerging markets such as Brazil, South Africa, Mexico, and major Asian markets.

Source: http://streamstudio.world-television.com/CCUIv3/frameset.aspx?ticket=889-1181-14392&target=en-default-&status=ondemand&browser=ns-0-0-0-13-0&stream=flash-video-500