THE COST OF ELECTRICITY FROM NEW ENERGY

What Does it Cost to Convert Renewables into Electricity? Study Compares the Cost of Electricity Production from Renewable Energy

January 27, 2014 (Fraunhofer Institute for Solar Energy)

“…[ LeveLized Cost of Electricity Renewable Energy Technologies ] from the Fraunhofer Institute for Solar Energy Systems ISE compares the present costs for conversion of different energy forms into electricity and gives a prognosis for the further cost development up to 2030…for new [solar, wind energy, biogas, brown coal, hard coal and gas] power plants constructed in Germany…The study shows that the LCOE from renewables has decreased rapidly over the last years…has even caught up with the generation costs from conventional power plants…[and] the costs to produce electricity from PV and wind will be less than fossil fuel plants by 2030…” click here for more

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