Tag Archives: LCOE

Offshore wind farm could beat onshore wind turbines on cost

Currently, onshore wind energy is one of the cheapest sources of renewable power. However, without change to planning restrictions, Cornwall Insight has estimated offshore wind power is likely to surpass onshore wind farm to be the new source of cheap renewable energy in less than ten years. Offshore wind has seen significant innovations, such as … Continue reading Offshore wind farm could beat onshore wind turbines on cost

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The cost of wind energy and solar power keeps dropping

A new study from the International Renewable Energy Agency laying it out in detail. Large wind power farms got cheaper between 2010 and 2014. Large-scale solar power got a lot cheaper. And at least some renewable plants are even becoming competitive with new fossil-fuel plants:   The chart shows the “levelized cost of electricity” for different … Continue reading The cost of wind energy and solar power keeps dropping

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Wind energy and solar power compete with coal, gas

Lazard said that solar energy and wind energy were already competing with fossil fuels on an unsubsidised basis. We’ve now gotten hold of the original report and are reprinting four graphs here, which we find quite stunning because it underlines how quickly the case for more fossil fuels is quickly being eroded.   The first graph … Continue reading Wind energy and solar power compete with coal, gas

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The levelized cost of energy (LCOE) of wind power is rapidly gaining equilibrium with other energy sources

The levelized cost of energy (LCOE) of wind power is rapidly gaining equilibrium with other energy sources, making it one of the most attractive options for utilities and developers looking to increase the penetration of renewables in their portfolio. However, the LCOE of wind energy can vary widely from wind farm project to project, and … Continue reading The levelized cost of energy (LCOE) of wind power is rapidly gaining equilibrium with other energy sources

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