Product
Wind Energy Price Trend
Wind Energy Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Wind Energy in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
Costs for wind turbines in China significantly decreased in 2022 as a result of the more domestic competition after the government stopped funding projects at the end of 2020. The decrease occurred despite price increases across Europe due to rising power costs. From roughly 700,000USD per megawatt in mid-2020 to about 470,000USD toward the end of last year, the cost of turbines in China has significantly decreased, and bids for new projects are currently averaging about 370,000USD in 2022.
Europe
German wind and solar capture prices began to lower in 2022 due to rising wind power and declining gas generation costs. Onshore wind's official market prices in January under Germany's EEG system were 128.86 Euro/MWh. Between June and July, the market prices for onshore and offshore wind both increased dramatically, reaching 0.278 Euro/kWh and 0.287 Euro/kWh, respectively owing to an exponential increase in demand.
Procurement Resource provides latest prices of Wind Energy. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Wind power or wind energy refers to the utilisation of the wind to generate electricity or mechanical power through wind turbines. These wind turbines help to transform the kinetic energy in wind to mechanical power through rotating propeller-like blades around a rotor.
The mechanical power can either be converted into electricity using a generator or can be directly utilised for specific tasks like grinding, milling and pumping. The amount of energy a turbine can harness from the wind depends on factors like wind speed, swept area, and air density.
Product Details
| Report Features | Details |
| Product Name | Wind Energy |
| Synonyms | Wind Power |
| Industrial Uses | Biofuel/clean fuel source, Generation of electricity, Generation of mechanical power |
| Supplier Database | Vestas Wind Systems A/S, ENERCON GmbH, Siemens Gamesa Renewable Energy, S.A, Senvion Deutschland GmbH |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Wind Energy via Wind Turbines
A wind turbine or a windmill is basically a machine which can convert the wind's kinetic energy into rotary mechanical energy, which can be directly utilised to do work. In some advanced models, the rotational energy is converted directly into electricity, that is, the most versatile form of energy. It is done with the help of a generator.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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