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Investment Bank Lazar finds wind and solar beat coal and nuclear on costs

Parkinson-Report-Wind and solar beating conventional fuels on costs – Lazard, REneweconomy, By  on 18 November 2015  The latest study by US investment bank Lazard has highlighted the extent to which wind and solar technologies are beating conventional fuels – coal, gas and nuclear – on costs of production, and also on abatement.

The study, the “Levellised Cost of Energy Analysis 9.0 notes that utility scale solar PV has fallen 25 per cent in the last year alone, since its most recent study. Since 2009, when it began the analysis, solar and wind energy have fallen by 80 per cent and 60 per cent respectively.

Lazard says that because of this, and despite big falls in the cost of natural gas in the US, wind and solar are beating conventional fuels in most situations, as revealed in their success in competitive capacity auctions.

And so, to its graphs [on original]

………It is interesting to note that compared to Lazard’s previous reports, wind, solar and gas costs have fallen, coal has remained static, while nuclear is the only technology to show a significant increase……http://reneweconomy.com.au/2015/wind-and-solar-beating-conventional-fuels-on-costs-lazard-26273

November 20, 2015 - Posted by | 2 WORLD, business and costs, renewable

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