The latest update for energy technology costs put together by global investment bank Lazard have been released and show a growing advantage for wind and solar technologies over fossil fuels such as coal, gas and nuclear. Lazard’s latest levellised cost of energy (LCOE) analysis – the eleventh version – notes that wind and solar costs have both fallen by another 6 per cent in another year, with coal remaining around about flat and the cost of nuclear jumping sharply. “The gap between the costs of certain alternative energy technologies (e.g., utility-scale solar and onshore wind) and conventional generation technologies continues to widen,” the report says. “In some scenarios the full life-cycle costs of building and operating renewables-based projects have dropped below the operating costs alone of conventional generation technologies such as coal or nuclear.
Renew Economy 8th Nov 2017 read more »