Best news is that cost of these installations is now quite low: less than $1.5 per watt peak. What about capacity utilisation factor of newly installed turbines? Does it trend downwards? Which means, are we close to exhausting potential of wind? PS: It's not, it's actually trending a bit up. Which is explainable because average capacity of a turbine trends up -> the turbine is bigger and taller -> wind blows faster a…
The short answer scaling heavily favors huge turbines. The taller they are the larger swept area of the blades. More are more wind energy captured. (Good old area = distance squared) And higher up the more consistent the wind, higher the average wind speed, and thus higher capacity factor.
Scaling is extremely lucrative. And break even for these turbines is aroun 5 to 8 years, with active life of around 30.