Taking a Look at the Lazard Levelized Cost Estimates

Renewable Energy (Other Energy Resources) / Economics, Batteries

Date posted: 01/04/16

Alex Trembath reports that the financial advisory firm Lazard recently updated its estimates for the levelized cost of different electricity generation technologies, and some observers were quick to highlight how wind and solar PV costs were called competitive with natural gas. Regardless of subsidies, the wind levelized cost is competitive with gas, and has been for years. But the Lazard narrow and low range for solar PV is both surprising and inconsistent with other leading estimates from the U.S. Energy Information Administration, the International Energy Agency, and the Fraunhofer Institute. What the most comprehensive data show is that, when all costs and available project data are taken into account, solar remains significantly more costly than fossil fuel competitors. The Lazard Levelized Cost Estimates Version 9.0 Report was released in November, 2015 .. http://www.scribd.com/doc/294272414/Lazards-Levelized-Cost-of-Energy-Analysis-9-0#scribd