Levelized Cost of Energy Survey Shows Wind, Natural Gas Cementing Economic Edge

Levelized Cost of Energy Survey Shows Wind, Natural Gas Cementing Economic Edge

Jan 10, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 1/8/17, S&P Global reported that a “survey of levelized cost of energy, or LCOE, studies illustrates that onshore wind and combined-cycle gas have secured their place as the lowest-cost energy resources, with utility-scale solar not far behind.” “The demands of a developed economy will continue to require both traditional and alternative energy sources as the technologies driving renewable energy evolve,” observed George Bilicic, vice chairman and global head of power, energy, and infrastructure group at Lazard, an investment bank that releases a widely-cited LCOE study each year. The article, which contains a link to the study, notes that “on an unsubsidized basis, renewables remain competitive across all studies, and in the case of the Bloomberg New Energy Finance analysis, wind resources in Texas have become the cheapest source of power across North and South America, consistent with Lazard’s finding that wind has a low end range of $32/MWh in the Midwest and $36/MWh in Texas.”

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