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Not necessarily true at this point for new projects. IRENA indicates wind projects commissioned globally in 2022 had a weighted average LCOE of $33 USD/MWh. Hyd
by Alpha3031 3y ago
Not necessarily true at this point for new projects. IRENA indicates wind projects commissioned globally in 2022 had a weighted average LCOE of $33 USD/MWh. Hydropower projects over the last decade or so (2010–2021) were around $39 to $48. (2022 average was $61, but obviously recent market conditions were far from normal)
- kristjank 3y agoAFAIK, LCOE are known to be misleading when comparing electricity sources with different power characteristics and applications. https://www.wri.org/technical-perspectives/insider-not-all-electricity-equal-uses-and-misuses-levelized-cost-electricity-lcoe https://www.wri.org/technical-perspectives/insider-not-all-e...
- bryanlarsen 3y agoWind, with it's availability of ~60% is not massively different from other energy plants with their availability of 80 - 92%. Solar is worse, but since most modern high quality tables include LCOE's for "solar" and "solar+battery" with very different numbers, it shouldn't be misleading.