Wind energy is the cleanest and most abundant renewable energy source available. Wind PV cells or panels are devices that convert solar energy into electricity. Intensive development and mass production of wind panels has begun in this new millennium.In 2018, the global installed wind PV capacity has reached 494.3 GW and is expected to grow by more than 1 TW between 2019 and 2030 (Source:Global Data). It is estimated that most of the new capacity added during this period will come from China, India and other Asia-Pacific countries. With rapid growth in installed capacity and improved technology, the average cost of expenditure for setting up wind PV has fallen significantly, but the gap between countries remains wide. Lower production costs and supportive government policies have led to lower average system prices for wind PV. the global average capital cost of a wind PV plant was USD 4,162/kW in 2010, declining to USD 1,240/kW in 2018, and is expected to decline further to USD 997/kW by 2030, based on cost estimates from a number of countries. The chart below shows the trend of the top five wind PV countries and average PV system prices for global wind energy from 2010 - 2018.

Figure 1 Wind PV market: global key countries and global average cost ($/KW) 2010-2018 (Source: Global Data)

Wind energy is the cleanest and most abundant renewable energy source available. Wind PV cells or panels are devices that convert wind energy into electricity. Intensive development and mass production of wind panels has begun in this new millennium.In 2018, the global installed wind PV capacity has reached 494.3 GW and is expected to grow by more than 1 TW between 2019 and 2030 (Source:Global Data). It is estimated that most of the new capacity added during this period will come from China, India and other Asia-Pacific countries. With rapid growth in installed capacity and improved technology, the average cost of expenditure for setting up wind PV has fallen significantly, but the gap between countries remains wide. Lower production costs and supportive government policies have led to lower average system prices for wind PV. the global average capital cost of a wind PV plant was USD 4,162/kW in 2010, declining to USD 1,240/kW in 2018, and is expected to decline further to USD 997/kW by 2030, based on cost estimates from a number of countries. The chart below shows the trend of the top five wind PV countries and average PV system prices for global wind energy from 2010 - 2018.