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Manufacturers are designing larger wind turbines capable of generating more electricity per turbine in an effort to improve these economics.
FORBES: Turn Baby, Turn - Offshore Wind Power Poised for Major Growth in U.S.
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Together the projects are expected to create more than 500 wind turbines, generating 1, 500 megawatts of electricity - or 1.5% of the UK's energy needs.
BBC: NEWS | UK | England | Millions for Cumbria wind farms
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While it is absolutely essential that we continue to drive down the costs of generating electricity from solar (and wind, which is indirect solar energy, ) doing so alone will not make these renewable energy sources competitive with traditional hydro, fossil or nuclear generated electricity.
FORBES: Storage, Not Generation, is the Challenge to Renewable Energy
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He explains that the technology works by first generating electricity in the traditional manner of a wind turbine.
CNN: Wind turbine creates water from thin air
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It says the world's installed wind capacity at the end of 2002 was 31, 128 megawatts, with Denmark the leading user, generating 20 percent of its electricity from the wind.
CNN: story.codringtonwindfarm.jpg
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Indeed, various companies, including GE, are investing heavily in ways to come up with cost-effective systems to store the wind and solar energy that their wind turbines and solar technologies capture in combination with other means of generating electricity and power.
FORBES: Power Opportunity for GE, et al: How To Store Wind/Solar Renewable Energy
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Wind is projected to supply 16% of Spain's entire electricity generating capacity by 2010.
FORBES: Magazine Article
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There are 3, 400 onshore wind turbines across the UK at 324 different sites, generating 3% of the UK's electricity.
BBC: Wind farms: 'No change' on policy, says David Cameron
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"The UK has incredible offshore wind resources and this sector will play a key part in improving security of supply and decarbonising our electricity generating system, " said a spokesman for the Department of Energy and Climate Change (Decc).
BBC: UK 'needs domestic wind energy industry'