Wind and solar power half the cost of coal and gas, one-third the cost of nuclear, says Lazard

New data out of the US has confirmed that large-scale wind and solar are significantly cheaper sources of electricity generation than coal and gas – and even undercut fossil fuels on price with the addition of energy storage, in some cases.

In the 17th edition of its highly regarded Levelised Cost of Energy+ LCOE+ Analysis, US investment bank Lazard compares the cost of generating electricity from renewable technologies to conventional technologies, across various scenarios and sensitivities.

The Lazard findings are broadly similar to those of the GenCost report prepared by the CSIRO and the Australian Energy Market Operator, which have come under attack from the federal Opposition and nuclear boosters.

https://reneweconomy.com.au/wind-and-solar-power-half-the-cost-of-coal-and-gas-one-third-the-cost-of-nuclear-says-lazard/