This range is primarily caused by the large variation in CapEx ($3,000–$9,187/kW) and project design life. The residential and commercial reference distributed wind system LCOE are estimated at $240/MWh and $174/MWh, respectively.
The GPRA target is $61/MWh by FY 2035 (commercial operations date [COD] 2034) (in 2022 USD) and is derived for a fixed-bottom wind plant at the reference site based on cost reductions informed by industry learning (Shields et al. 2022) and expert elicitation (Wiser et al. 2021). Note that values are rounded to the nearest dollar.
Every year, the Wind Energy Technologies Office (WETO) reports the LCOE for land-based wind and fixed-bottom offshore wind to satisfy GPRA reporting requirements. This report provides the underlying market and cost data for WETO to fulfill the annual GPRA reporting requirements.
Funding provided by U.S. Department of Energy Office of Energy Efficiency and Renewable Energy Wind Energy Technologies Office. The views expressed in the article do not necessarily represent the views of the DOE or the U.S. Government.
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