Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 13.0) shows that as the cost of renewable energy continues to decline, certain technologies (e.g., onshore wind and utility-scale solar), which became cost-competitive with conventional generation several years ago on a new-build basis, continue to maintain competitiveness with the marginal cost of existing conventional generation technologies.
The full report can be downloaded here.
For geothermal energy, it continues to show a competitiveness towards fossil fuel based power generation, while solar and wind continue to outperform geothermal based on cost.
Source: Lazard
