Solar and onshore wind lead as the cheapest source of new bulk power

FuturENERGY November 18

Every half year, BloombergNEF runs its Levelised Cost of Electricity (LCOE) analysis, a worldwide assessment of the cost competitiveness of different power generating and energy storage technologies, excluding subsidies. Falling technology costs means that unsubsidised solar and/or onshore wind are now the cheapest source of new bulk power in all major economies except Japan, according to BloombergNEF’s ‘2H 2018 LCOE’ report. This analysis covers nearly 7,000 projects across 20 technologies and 46 countries globally.