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What will the global weighted-average levelized cost of energy of onshore wind be in 2022, in 2018 USD per kWh?

Wind power or wind energy is the use of air flow through wind turbines to provide the mechanical power to turn electric generators. Wind power provided 11.6% of the electricity demand in the European Union in 2017. Denmark is generally the country with the highest penetration of wind power, with 43% of its consumed electricity from wind in 2016.

According to the International Renewable Energy Agency (IRENA), in 2018, the global weighted-average levelized cost of energy (LCOE) of onshore wind projects commissioned in 2018 was at USD 0.056/kWh (IRENA, 2019). This was 13% lower than in 2017 and 35% lower than in 2010, when it was USD 0.085/kWh (ibid.).

What will the global weighted-average LCOE of onshore wind be in 2022, in 2018 USD per kWh?


Resolution

This question resolves as the global weighted-average LCOE of onshore wind be in 2022, in 2018 USD per kWh, per IRENA estimates. Prices are to be converted to 2018 USD using BLS CPI for all urban consumers and all items. In case IRENA data is not available, other sources of estimates of the global weighted-average LCOE of solar PV may be consulted. These other sources should be deemed by an admin to be sufficiently similar in methodology. One criterion of similarity is that the estimate of the 2018 LCOE solar PV is not more than 25% different from $0.056/kWh in 2018 USD.

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