This section focuses on the cost structures of a wind
power plant, including the lifetime of the turbine and operation
and maintenance costs. Finally, it analyses how the
costs of wind power have developed in previous years and
how they are expected to develop in the near future.
Wind power is used in a number of different applications,
including both grid-connected and stand-alone electricity
production, as well as water pumping. This section analyses
the economics of wind energy primarily in relation to
grid-connected turbines which account for the vast bulk of
the market value of installed turbines.