Comment on Solar is now 41% cheaper than fossil fuels, UN report shows
BombOmOm@lemmy.world 1 week ago
I wish these reports would include required other costs, as solar needs to be paired with grid-scale storage or, more often, peaker natural gas plants. Both of witch are pretty expensive.
It may still be cheaper, I honestly don’t know, because all the reports leave such necessary, and expensive, things out.
NaibofTabr@infosec.pub 1 week ago
So check this out:
Lazard - Levelized Cost of Energy
This is an industry study that gets published every year by Lazard, for the past 18 years. It is focused on the US market. They put in a lot of effort to assess the whole cost of various forms of energy generation, including government subsidies.
Rakonat@lemmy.world 1 week ago
Worth noting lot of industry experts in renewables and outside of it criticize LCOE for not properly taking inflation and total life cycle costs into account. It’s still a useful number but never let it be more than a single data point in determining which form of energy is cost effective balanced against environmental impact.
BombOmOm@lemmy.world 1 week ago
Thank you for the link, that is exactly what I was looking for.
For the chat, going to link the main graph with that info (page 8):
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