The disconnect is due, in part, to a selection bias. The cost estimates for new solar and wind (for example Lazard's report [1]) is based on existing plants. T

The disconnect is due, in part, to a selection bias. The cost estimates for new solar and wind (for example Lazard's report [1]) is based on existing plants. These plants were built in the best places, for example in the US lots of solar power plants were built in sunny California, and lots of wind turbines in places with plenty of wind (the so-called wind corridor). If you take solar and install it in Europe, you will not get the same bang for your buck, for the simple reason that Europe is well north of California. As for wind, most of Europe is less windy than the US wind corridor, but offshore areas in the North and Baltic seas appear to be exceptionally good. Still, building offshore wind can't be done at a snap of your fingers. Going forward, both solar and wind will see huge increases in installed capacity, but only in the places where it makes sense. [1] https://www.lazard.com/perspective/levelized-cost-of-energy-levelized-cost-of-storage-and-levelized-cost-of-hydrogen/ https://www.lazard.com/perspective/levelized-cost-of-energy-... [2] https://earthlymission.com/wind-resource-map-europe/ https://earthlymission.com/wind-resource-map-europe/ [3] https://windexchange.energy.gov/maps-data/325 https://windexchange.energy.gov/maps-data/325