U.S. price index for wind turbines 2008-2019

The price index for wind turbines has gradually decreased over the last decade, reaching 700,000 U.S. dollars per megawatt in the second half of 2019. In general, North American prices have been below the global average, however, this has changed due to the U.S.-China tariffs that were imposed. Prices for U.S. wind turbines have also decreased past global levels, largely due to competition between manufacturers. Other factors such as the growth in turbine heights and improved capacity factors have also lowered levelized costs of wind energy.

How much do wind turbines cost?

Costs of installing a commercial wind turbine will depend on a variety of factors like the number of turbines, financing costs, purchase agreements, and location. Wind projects will also vary depending on the components such as wind resource potential available, utilities upgrades, transmission infrastructure, as well as maintenance and repair. However, economies of scale do play a part in wind systems and therefore, larger systems tend to cost less per kilowatt than smaller systems.

Price index for wind turbines in the U.S. from 2008 to 2019 (in million U.S. dollars per megawatt)*

Price index in million U.S. dollars per megawatt
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Sources

Release date

February 2020

Region

United States

Survey time period

2008 to 2019

Supplementary notes

* Values based on second half of each year and based on signing date.


WTPI: Wind turbine price index

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