This data-file models the costs and the economics of constructing a new onshore wind power project, based on technical papers and a detailed line-by-line capex cost build-up.
A typical onshore wind project requires a 6.75c/kWh power price and a $50/ton CO2 price in order to generate an unlevered IRR of 10%. However, investors may be inclined to view 5-6% IRRs, lowering the incentive price to 5-6c/kWh even without a carbon price.
The main cost is capex, which varies between $1,000-3,000/kW (below). The data-file gives a detailed breakdown, across materials, fabrication, transport, installation and linking to our other models. Larger turbines will reduce future costs, as stress-tested in the cost tab.