Five Reasons Why Wind Farms Are Costing More in Australia—and What to Do About It

Five reasons why wind farms are costing more in Australia—and what to do about it

Building a solar farm in Australia is getting about 8% cheaper each year as panel prices fall and technology improves, according to an official new report. Battery storage costs are falling even more sharply, dropping 20% over the past year alone.

5 reasons why wind farms are costing more in Australia – and what to do about it

Saeed Khan/GettyBuilding a solar farm in Australia is getting about 8% cheaper each year as panel prices fall and technology improves, according to an official new report. Battery storage costs are falling even more sharply, dropping 20% over the past year alone. But the same can’t be said for wind farms, the second-largest source of renewable energy in Australia. Onshore wind costs actually rose about 8% in 2023–24 and another 6% in 2024–25. Th…

Five reasons wind farms are costing more in Australia—and what to do about it

By Magnus Söderberg, Professor and Director, Centre for Applied Energy Economics and Policy Research, Griffith University Building a solar farm in Australia is getting about 8% cheaper each year as panel prices fall and technology improves, according to an official new report. Battery storage costs are falling even more sharply, dropping 20% over the past year alone. But the same can’t be said for wind farms, the second-largest source of renewab…

5 reasons why wind farms are costing more in Australia - and what to do about it

Share articlePrint articleBuilding a solar farm in Australia is getting about 8% cheaper each year as panel prices fall and technology improves, according to an official new report. Battery storage costs are falling even more sharply, dropping 20% over the past year alone. But the same can't be said for wind farms, the