Lazard LCOE

Carbon Pricing & The Energy Transition

We are making great progress, with costs of solar, wind, and batteries continuing their decline. But we are not moving fast enough to turn the tide on human-caused climate change. One study I saw recently said we need to be installing wind and solar at triple the current rate to get to 90% renewable just for electricity by 2035.

Lazard’s Latest Levelized Cost Of Energy Analysis — Good, But A Bit Off?

… And What it Might Have Missed …

Lazard has produced its latest analysis of energy production costs in Lazard’s Levelized Cost of Energy Analysis – Version 11.0. Lazard is one of a small group of organizations whose incomes are dependent on customers who are investors and need the most accurate information possible. If Lazard makes a statement that is widely off the mark, it means that investors will not make the money they feel they should, and in fact they may even lose money. So Lazard has a powerful vested interest in being right. This is what makes its Levelized Cost of Energy (LCOE) information so important.

Lazard: Wind & Solar Power Costs Continue To Fall, Putting Coal & Nuclear At A…

Lazard is a global asset management company that tracks the cost of producing electricity, among other things. It uses a measure called the Levelized Cost of Energy (LCOE), which averages the estimated costs of construction, maintenance, and fuel for electricity generating assets over the number of megawatt-hours that each is expected to produce over its lifetime. In simple terms, it is one way of comparing different ways of making electricity to see which cost more and which cost less.

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.