Wind turbine costs drop in 2026 for first time in six years

Wood Mackenzie expects 2026 to see the first decline in onshore wind turbine prices since 2020, driven by falling winning bid prices in the largest European markets, which reflect increased competition among developers and a rise in the number of licensed projects. In Europe, Germany, France, and Italy have experienced significant decreases in bid prices, while Asian markets such as India and Japan are moving toward stability or price reductions due to challenges related to financing and supply chains. This price decline puts pressure on manufacturers, with expectations of decreasing costs for larger, more efficient turbine systems that will reach capacities of around 8 megawatts, with rotor diameters exceeding 180 meters. Such advancements will enhance energy generation efficiency and reduce the costs of future projects.

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