With or without subsidies, wind and solar are still cost-competitive, report says
Even in the absence of government subsidies, certain renewable energy technologies remain cost-competitive with conventional generation technologies like gas peaking, nuclear, coal, and gas combined-cycle, according to a new report.
The report from global asset management firm Lazard compares the levelized cost of energy (LCEO) of certain renewable energy technologies with conventional generation technologies by $/MWh.
When subsidized, utility-scale solar averages $27/MWh and utility-scale wind averages $25/MWh, while coal averages $42/MWh, nuclear averages $29/MWh, and combined-cycle gas generation averages $24/MWh.