Solar Power Plants

Solar Power Is Not Merely Least Expensive

We’ve seen a lot of commentary on the fact that utility-scale solar power has become the least expensive source of electricity in many places. There is more than that to be found in the data in Lazard’s Levelized Cost of Energy Analysis, Version 10.0, however, and what it tells us is that solar and wind power have benefits apart from the simple facts that their costs are low.

Danish Solar Auction Garners 5.4¢/kWh Average Price Bid!

5.4¢/kWh is on the low end of Lazard’s estimated levelized cost of energy (LCOE) for solar power plants. It’s not far below it like recent bids in the Middle East — but this is Denmark! If an immature solar market in a Scandinavian country can see an average solar price of 5.4¢/kWh — which beats the LCOE from every other new power plant option except wind — that’s a significant milestone.