How much does it cost to build a wind power station?

The cost to build a wind power station varies significantly based on factors such as location, project size, and technology. On average, the installation cost for onshore wind farms ranges from $1,200 to $5,000 per installed megawatt (MW), while offshore wind projects can range from $3,000 to $6,000 per MW or more. Additionally, ongoing operational and maintenance costs should be considered, which can impact the overall financial viability of the project.