NEW ENERGY DEAL GETS BETTER

IEA, NEA study shows renewables LCOE keeps falling

Tsvetomira Tsanova, August 31, 2015 (SeeNews)

“…[T]he low-end levelised cost of electricity (LCOE) for some renewable energy technologies is the same or even below that for baseload power plants [according to Projected Costs of Generating Electricity from the IEA (International Energy Agency) and the NEA (Nuclear Energy Agency)]…[T]he high-end renewables LCOE remains far above the cost of nuclear, coal or natural gas power generation, but the progress green energy has made towards becoming more competitive is notable. The LCOE for nuclear, coal and gas has increased a bit since 2010, while for renewables such as wind and solar, it keeps falling…[O]nshore wind remains the cheapest renewable energy option…[T]he cost of utility-scale solar photovoltaics (PV) and onshore wind is comparable and often lower in countries featuring plentiful resources and appropriate market and regulatory frameworks...” click here for more

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