Full Title: Levelized Cost of Energy 2017
Author(s): Lazard
Publisher(s): Lazard
Publication Date: November 1, 2017
Full Text: Download Resource
Description (excerpt):
Lazard’s latest annual Levelized Cost of Energy Analysis shows a continued decline in the cost of generating electricity from alternative energy technologies, especially utility-scale solar and wind.
Lazard has conducted this study comparing the levelized cost of energy for various conventional and Alternative Energy generation technologies in order to understand which Alternative Energy generation technologies may be cost-competitive with conventional generation technologies, either now or in the future, and under various operating assumptions, as well as to understand which technologies are best suited for various applications based on locational requirements, dispatch characteristics and other factors. We find that Alternative Energy technologies are complementary to conventional generation technologies, and believe that their use will be increasingly prevalent for a variety of reasons, including RPS requirements, carbon regulations, continually improving economics as underlying technologies improve and production volumes increase, and government subsidies in certain regions.