The price of wind power will continue to fall as the industry makes technological advancements, helping to keep it competitive as federal tax credits fall off, according to officials at NextEra Energy, which reported quarterly earnings.

The company expects that wind power in 10 years will essentially cost what it does today while receiving the full federal production tax credit (PTC), thanks to taller towers, longer blades and better electronic systems, according to Armando Pimentel, president and CEO of NextEra Energy Resour

The company’s unregulated subsidiary, NextEra Energy Resources, had its most successful renewables origination quarter, adding more than 2 GW of projects to its backlog, including 650 MW of additional wind repowering and 120 MW of battery storage projects.

Read the full report from Utility Dive.

wind power prices