The costs of solar broken down
Solar PV is the cheapest source of energy to date. But how low are the costs of solar actually and what do you know about them?
Machine learning – Predicting renewable power generation
Intermittent renewable energy sources like wind power can now be predicted using machine learning algorithms and deep learning.
LCOE – the metric that helps us evaluate energy-related projects
Levelized costs of energy (LCOE) are an excellent metric for an initial assessment of whether a future power installation is feasible or not.
Will green hydrogen ever be competitive?
We see that hydrogen is becoming more competitive, especially as LCOEs for solar PV and wind energy are decreasing.
Understanding hydropower’s LCOE calculation
Hydropower remains one of the least-expensive energy sources. This remains true even despite recent cost increases.
Solar PV LCOE Breakdown
The global weighted average LCOE for utility-scale solar photovoltaic (PV) fell an astonishing 82% between 2010 and 2019.
Wind Energy LCOE Breakdown
When looking at the actual LCOE of onshore and offshore wind farms, we see a strong correlation between annual full load hours & per MW-costs.
LCOE’s to compare energy investments?
LCOE is one of the essential measures when it comes to energy-related projects, no matter the energy source.