Why are solar power and wind power dominating new power installations? Because they’re cheaper. The problem with some big purchases people make, and plenty of little purchases, is we look at the upfront cost of something instead of the long-term, lifetime cost. The good thing about purchases of big power … [continued]
Lazard recently released its latests analysis of LCOE (levelized cost of energy) for different power sources. As has been the case for the past several years, solar and wind power remain highly competitive (aka cheap). However, estimates on the high end of the price range have come down a bit … [continued]
Wind and solar are far and away the least expensive sources of electricity available today, leading to major increases in both.
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.
These are 5 messages that I think anyone wanting a better US economy (or a better economy in practically any country), anyone wanting national energy freedom (aka energy independence), anyone wanting to advance the most cost-effective choices for electricity generation, and anyone wanting to make logical energy decisions should know and share with others.
Originally published on Sustainnovate. By Henry Lindon Wind energy and solar energy are notably beating out conventional generation modalities (coal, natural gas, nuclear, etc) with regard to production costs and abatement as well, according to a new study from the US investment bank Lazard. The report notes that, despite recent … [continued]
One of our readers, Kanaga Gnana, recently sent along a November report from the Fraunhofer Institute that has a number of interesting charts in it. I pulled out 6 for sharing here. Have a look. In this first one, you can see CSP vs PV vs CPV levelized cost of … [continued]
