Emerging Energy Research (EER), a research and consultancy firm based in Cambridge, Mass., has released a report comparing the costs of different sources of renewable energy in Europe.
According to the company, its analysis of the comparative costs of energy, conducted on a euro/MWh basis, is based on estimates of the cost of building a new conventional generation facility versus a new wind power plant in Europe. In relation to other renewable energy sources, such as solar and biomass, wind remains the most cost-competitive and offers the largest potential in Europe in the short term, EER says.
‘With wind power becoming more cost-competitive, it will play an important role in Europe's power generation mix going forward, especially in light of the growing risk of energy security, rising fuel costs and climate change,’ says Alex Klein, EER's senior analyst.
To view the analysis, register on the company's Web site at www.emerging-energy.com/user/register.aspx