PPA Insights: European solar and wind power prices
What are the current long-term solar and wind power prices? Our PPA Insights report shows prices for most European countries.
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To illustrate the scale: in the first half of 2024, Europe made final investment decisions on €15.4 billion of new wind farms. And the EIB has raised its annual financing ceiling to a record €100 billion for 2025 to support energy security and industry, with a big chunk earmarked for wind manufacturing and projects.
Wind energy in Europe is not only an environmental imperative but also an increasingly sound financial investment. We've seen that the cost of wind energy systems can vary widely – from a £2,000 roof-mounted micro-turbine in the UK to multi-million-euro mega-turbines on a Spanish hillside or off the German coast.
Wind turbines are expensive, often requiring a high initial capital outlay. However, over their 20–30 year lifespan, they generate electricity without fuel costs, potentially saving on energy bills or earning revenue from selling power.
Onshore wind turbines intended for wind farms typically cost roughly €1 to €1.5 million per megawatt (MW) of capacity. For instance, wind turbine manufacturer Vestas reported an average selling price of about €1.21 million per MW in 2024. That means a 3 MW onshore turbine might be around €3.6 million just for the turbine equipment.
What are the current long-term solar and wind power prices? Our PPA Insights report shows prices for most European countries.
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The average wind energy capture price in France was ***** euros per megawatt hour in June 2024.
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Discover the true cost of wind energy systems in Europe and what financial returns you can expect. Learn about installation expenses, influencing factors, ROI, incentives, and financing
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