What is the cost of the electricity produced by the wind turbine?
Since the cost effectively is the initial investment cost (with negligible running or maintenance cost), one can compute the cost of electricity produced by dividing the total investment over the life of the turbine. Our turbines have a life of over 20 years. And there are 8,760 hours in one year. Thus, ideally, a 1KWp turbine should produce 8,760 KWh (units) of electricity per year. However, due to variances in the speed of wind, we can estimate an average of around 40-50% (world average) of the electricity produced.
