So cheap that it is disrupting the Brazilian energy market as Cleantechnica reported : ” Wind farms have won 55% of contracts awarded by Brazil’s national energy agency (…) and wind power now costs about 4.5 cents/kWh in the country. “
This is really really cheap as generally wholesale prices in Europe are three to five times higher. Cleantechnica has a very nice article on how renewables are becoming cheaper and cheaper as the prices of fossil fuels increase.
Grid parity – ie. renewables as cheap or cheaper than coal or gas – is slowly but surely arriving all around the world as I wrote in the past few weeks here.