Report: Wind, solar are cheapest options, NOW

In its annual Levelized Cost of Energy analysis, Lazard Associates found the cost for power generated from wind energy resources were around $30-$60 per megawatt hour (MWh) range – even without any subsidies! Unsubsidized solar power resources provided power at a cost of $43-$48/MWh range. That’s 3-6 cents per kilowatt hour (kWh) for wind, or 4.3-4.8 cents per kWh for solar. Of course with existing federal tax credits, real wind power prices could be as low as $14/MWh, or 1.4 cents/kWh, and real solar prices may reach as low as $35/MWh, or 3.5 cents/kWh.

How expensive is solar power? You’re going to be SHOCKED!

In some southern states, like North Carolin and Florida, NREL reports that utility-scale solar power prices may reach a levelized cost of approximately 5 cents per kilowatt hour. Incorporating the federal investment tax credit (ITC) could drop those prices down into the 3-4 cents per kilowatt hour range ($30-$40/MWh).

Are We Understating the Potential for (and Uncertainty in) Wind Energy Cost Reductions?

The single most-significant difference came from the so-called ‘leading experts’: a hand-selected group of 22 individuals who are among the wind sector’s most knowledgeable and senior leaders. Those experts were, on average, even more optimistic about wind energy cost reduction, expecting LCOE to decline by 27% by 2030 and 48% by 2050 in the median scenario, and by 57% and 66% in the low scenario (Figure 4). The views of this group suggest even greater potential for cost reduction than noted earlier.

Dirt cheap renewables beating fossil fuels on price

Wind energy has reached record low prices. Wind energy has reached $32-$77 per megawatt hour (MWh) without federal incentives. If the federal Production Tax Credit or Investment Tax Credit is included, wind energy pricing may be $14-$63/MWh.
Utility-scale solar power has reached record low prices. Solar power has reached $50-$70/MWh without federal incentives.

Wind Power Shows Southern Hospitality: WINDPOWER 2015

It’s that time of year again: AWEA’s annual WINDPOWER Conference has begun! For this year, the conference has returned to the South. In 2012, this conference was hosted in Atlanta, and this year, we’re reporting from sunny (and windy) Orlando, Florida. Some folks may be wondering why the industry’s largest conference is hosted in the South, since our region only has one operating wind farm; but some of the presentations that have already made make a good case for doing business in the South.

For Renewable Energy, The Future is Now

Solar photovoltaics, wind energy and solar thermal technology costs have all declined pretty substantially since Lazard’s analysis last year. Natural gas and energy efficiency costs have stayed the same, although to be fair, energy efficiency’s starting low cost of $0 per megawatt of energy saved is hard to beat. Meanwhile, coal, nuclear and integrated gasification combined cycle power costs continue to increase.