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Wind Power’s Best Projects Rival Costs of New Coal-Fired Plants, BNEF Says

The best wind power projects will cost about the same as new coal-fired plants, said Bloomberg New Energy Finance Chief Executive Michael Liebriech at a conference in New York today.

Electricity from new, high-quality wind power projects built today costs about $65 a megawatt-hour, Liebreich said. Power from a new coal-fired power plant costs about $68 a megawatt-hour, including carbon price and project finance risk, fuel prices and environmental controls, he said.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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