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New wind power cheaper than coal or gas in Australia

2013-02-08 23:35:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Electricity supplied from a new wind farm is cheaper than that from a new gas or coal-fired power plant in Australia, reports a new analysis published by Bloomberg New Energy Finance. According to the study, wind-generated electricity costs AU$80 ($83) per megawatt hour compared with compared to AU$143/MWh ($148) from a new coal plant or AU$116/MWh ($120) from a new baseload gas plant. The rates including the cost of emissions under Australia's carbon pricing system, however "even without a...

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