Wind Power Rivals Coal with $1 Billion Order From Buffett
The decision by Warren Buffett’s utility company to order about $1 billion of wind turbines for projects in Iowa shows how a drop in equipment costs is making renewable energy more competitive with power from fossil fuels. Turbine prices have fallen 26 percent worldwide since the first half of 2009…‘If Congress were to remove all the subsidies from every energy source, the wind industry can compete on its own,’ Kiernan said at a press conference at a Siemens factory in Fort Madison, Iowa, yesterday, when the order was announced.
Bloomberg Sustainability