Levelized cost of electricity

Costs for wind and solar power systems have been declining for years thanks to technology improvements, economies of scale, and fierce competition in auctions. In the second half of 2019, the levelized cost of

Onshore wind and photovoltaic (PV) solar power are the cheapest forms of new-build power generation for at least two-thirds of the world’s population, according to analysis published by research company BloombergNEF (BNEF). Meanwhile, battery storage has become the lowest-cost new-build technology for peaking purposes in gas-importing regions, such as Europe, China, and Japan. BNEF reported […]