denmark solar energy

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.