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Wind power has now reached a level of technological maturity where it can compete on price with conventional sources of energy. And as a business investment, it’s as competitive as more conventional energy sources, such as oil and gas.

There are several reasons why wind is an important source of energy:
Wind is an unlimited resource
Wind power can compete with fossil energy sources if the comparison is made on equal terms
Wind power enhances energy independence
Wind power makes it possible to establish a large number of MW in a relatively short time
Wind power is a CO2- neutral form of energy and is proactive in reducing greenhouse gas emissions

Wind power is free and plentiful
In 2006, a report by Emerging Energy Research revealed that land-based wind power is only marginally more expensive than electricity from a new coal-fired power station and its cost is equal to electricity from a new natural gas-fired plant. But that’s not taking into account the cost of CO2 emissions.

According to Vestas, "Since we put up the first turbine in 1976, we have improved output 100 times over. Our aim is to bring down the cost of wind-generated electricity even further. Vestas is already the world leader in turbine technology and we have more than 20,000 people working to constantly improve our turbines even more. Take the V90-3.0 MW turbine. Every aspect has been rethought to reduce the cost per kWh. It’s lighter, making it cheaper to produce, transport and install. And it takes only three hours for a V90-3.0 MW to supply the average European family with electricity for an entire year."

Vestas R&D Technology is investing heavily in new technologies all over the world. Besides the largest R&D center placed in Aarhus (Denmark) Vestas have opened or plan to open R&D centers in Singapore, Chennai (India) and Houston (US).