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Low cost of power generation of wind power has been favored in Europe

Information Source:Henan Huadong Cable Co., Ltd  Release date:2014-06-06

The renewable energy power generation has many advantages, it has attracted more and more attention, with the mature technology and installed capacity continues to expand, the cost of power generation is in rapid decline.

Recently, European Portuguese power company report said, "compared with the cost of power generation, hydropower, nuclear power, fossil energy power generation, wind power has become the European power generation cost is the lowest power mode."

The report shows, the generation cost of onshore wind power generation than coal-fired electricity and natural gas should be low. Relevant data shows, the wind power than natural gas generation cost about 20% lower than the coal-fired power generation, low cost 33%. Cost reduction is the onshore wind power has become one of the generation mode of Europe's most economically attractive.

Europe is the birthplace of the new energy strategy, but also the global development of low carbon economy pioneer. There, people's environmental consciousness is stronger, they are more likely to develop renewable wind power, solar energy. In a survey released in March this year, more than half of French people believe, reduce the proportion of nuclear power in France, a large background of energy transformation, wind power is an effective solution to energy. 80% of the respondents think, it is necessary to invest in the construction of wind farm before the end of the fossil fuel power plant life cycle.

The Portuguese Power Group (EDP) is Portugal's largest energy company, is one of the world's fourth largest wind power operators, the Iberian Peninsula third power operators and major European power operators, the main electric power, gas, fuel and other business. The company is controlled by the 24GW annual power generation of about 8.7 GW for onshore wind.

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