Wind Power Without U.S. Subsidy to Become Cheaper Than Gas
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Wind power will be cheaper than electricity produced from natural gas within a decade, even without a federal tax incentive, according to a U.S. Energy Department analysis.
Cost reductions and technology improvements will reduce the price of wind power to below that of fossil-fuel generation, even after a $23-per-megawatt-hour subsidy provided now to wind farm owners ends, according to a report released Thursday. That may drive up demand for turbines from companies like General Electric Co. and Vestas Wind Systems A/S.