The New Energy Gets More Amazing

Levelized Cost of Energy 2017

November 2, 2017 (Lazard)

“…As LCOE values for alternative energy technologies continue to decline, in some scenarios the full-lifecycle costs of building and operating renewables-based projects have dropped below the operating costs alone of conventional generation technologies such as coal or nuclear… [According to Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 11.0), this] is expected to lead to ongoing and significant deployment of alternative energy capacity…[T]he levelized cost of energy for both utility-scale solar photovoltaic (PV) and onshore wind technologies are down approximately 6% from last year…[T]he gap between the costs of certain alternative energy technologies (e.g., utility-scale solar and onshore wind) and conventional generation technologies continues to widen as the cost profiles of such conventional generation remain flat (e.g., coal) and, in certain instances, increase…[T]he estimated levelized cost of energy for nuclear generation increased ~35% versus prior estimates, reflecting increased capital costs at various nuclear facilities currently in development…” click here for more

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