The cost of wind power has been falling steadily again since the 2008 price spike, and newer projects have been coming in at 2 cents per kilowatt-hour, making them very competitive with natural gas fired power and ranking among the very lowest-cost ways to generate electricity. But can wind prices keep falling, or have they bottomed out?
It is widely assumed that the ongoing migration of rural peoples to mega-cities all over the world will help reduce humanity’s per-capita energy footprint, while giving people a higher standard of living and accelerating energy transition.
Although it’s clear enough that energy transition is necessary and reasonable, and although we know that transition is mainly happening on the grid at first, there is still much uncertainty about exactly where on the grid different strategies can be tried, how much they can accomplish, and what they’ll cost, relative to the alternatives….
Multilateral Development Banks (MDBs) like the World Bank, the African Development Bank and the Asian Development Bank are publicly committed to ending energy poverty and enabling energy access to the developing world.