Lazard says fossil fuel costs double that of utility-scale solar

The levelized cost of electricity (LCOE) for solar has fallen to between $29/MWh and $92/MWh, according to a new report from Lazard. From pv magazine USA Lazard has released a report analyzing LCOE, a critical measure of cost-efficiency of generation sources across technology types. The report found that onshore wind and utility-scale solar have the lowest LCOE by a large margin. LCOE measures lifetime costs divided by energy production and calculates the present value of the total cost of building and operating a power plant over an assumed lifetime. "Despite high end LCOE declines for selected ...

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