Thursday, November 7, 2019

Finance: Geothermal is Cost-Competitive with Conventional Generation in Latest Levelized Cost of Energy Analysis

Levelized Cost of Energy and Levelized Cost of Storage 2019 (News Release)

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.