Cheapest source of Fossil Fuel generation is Double the cost of Utility-scale solar

[abu afak]

Some people seem to doubt the cost efficiency of Solar vs Fossil fuels.
I long ago posted the IEA fact in 2020 that Solar had become the cheapest power in the right settings.
Of course, Solar is Tech and tech only gets BETTER/cheaper.
Now HALF the (all-in) 'Levelized cost' vs Fossil Fuels.

Cheapest source of Fossil Fuel Generation is Double the Cost of Utility-scale Solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.
June 11, 2024

Lazard released its annual report analyzing levelized cost of electricity (LCOE), a critical measure of cost-efficiency of generation sources across technology types. The report found that onshore wind and utility-scale solar have the lowest LCOE by a large margin.

LCOE measures lifetime costs divided by energy production and calculates the present value of the total cost of building and operating a power plant over an assumed lifetime.

“Despite high end LCOE declines for selected renewable energy technologies, the low ends of our LCOE have increased for the first time ever, driven by the persistence of certain cost pressures (e.g., high interest rates, etc.),” said Lazard. “These two phenomena result in tighter LCOE ranges (offsetting the significant range expansion observed last year) and relatively stable LCOE averages year-over-year.”

Onshore wind ranked as the lowest source of new-build electricity generation, ranging from $27 to $73 per MWh. Utility-scale solar was a close second, ranging $29 to $92 per MWh.

Utility-scale solar has had the most aggressive cost reduction curve of all technologies, falling about 83% since 2009, when new build solar generation had an LCOE of over $350 per MWh.
[.......]

Cheapest source of fossil fuel generation is double the cost of utility-scale solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.

`

 

[1srelluc]

Great! We do not need to subsidize it anymore!

 

[Anathema]

The problem is that even if I believed this, we do not have the Transmission, Substation and Distribution capacity to deal with all the solar coming online now, never mind if the amount of renewable distributed generation increases.

I say this as someone who works for a large-scale private electric utility company in the Northeast of the United States.

 

[1srelluc]

The problem is that even if I believed this, we do not have the Transmission, Substation and Distribution capacity to deal with all the solar coming online now, never mind if the amount of renewable distributed generation increases.

I say this as someone who works for a large-scale private electric utility company in the Northeast of the United States.

People are fighting the utilities over more transmission lines tooth-n-nail.....Their rights-of-way scar the land.

In my AO they are restricted to their current RoW as nobody wants to look at that crap so NOtVA data centers can get their power.

 

[Manonthestreet]

Some people seem to doubt the cost efficiency of Solar vs Fossil fuels.
I long ago posted the IEA fact in 2020 that Solar had become the cheapest power in the right settings.
Of course, Solar is Tech and tech only gets BETTER/cheaper.
Now HALF the (all-in) 'Levelized cost' vs Fossil Fuels.

Cheapest source of Fossil Fuel Generation is Double the Cost of Utility-scale Solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.
June 11, 2024

Lazard released its annual report analyzing levelized cost of electricity (LCOE), a critical measure of cost-efficiency of generation sources across technology types. The report found that onshore wind and utility-scale solar have the lowest LCOE by a large margin.

LCOE measures lifetime costs divided by energy production and calculates the present value of the total cost of building and operating a power plant over an assumed lifetime.

“Despite high end LCOE declines for selected renewable energy technologies, the low ends of our LCOE have increased for the first time ever, driven by the persistence of certain cost pressures (e.g., high interest rates, etc.),” said Lazard. “These two phenomena result in tighter LCOE ranges (offsetting the significant range expansion observed last year) and relatively stable LCOE averages year-over-year.”

Onshore wind ranked as the lowest source of new-build electricity generation, ranging from $27 to $73 per MWh. Utility-scale solar was a close second, ranging $29 to $92 per MWh.

Utility-scale solar has had the most aggressive cost reduction curve of all technologies, falling about 83% since 2009, when new build solar generation had an LCOE of over $350 per MWh.
[.......]

Cheapest source of fossil fuel generation is double the cost of utility-scale solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.

`

Just another lie.

 

[Manonthestreet]

funny the more solar they build the more my bill goes up

 

[Toddsterpatriot]

Some people seem to doubt the cost efficiency of Solar vs Fossil fuels.
I long ago posted the IEA fact in 2020 that Solar had become the cheapest power in the right settings.
Of course, Solar is Tech and tech only gets BETTER/cheaper.
Now HALF the (all-in) 'Levelized cost' vs Fossil Fuels.

Cheapest source of Fossil Fuel Generation is Double the Cost of Utility-scale Solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.
June 11, 2024

Lazard released its annual report analyzing levelized cost of electricity (LCOE), a critical measure of cost-efficiency of generation sources across technology types. The report found that onshore wind and utility-scale solar have the lowest LCOE by a large margin.

LCOE measures lifetime costs divided by energy production and calculates the present value of the total cost of building and operating a power plant over an assumed lifetime.

“Despite high end LCOE declines for selected renewable energy technologies, the low ends of our LCOE have increased for the first time ever, driven by the persistence of certain cost pressures (e.g., high interest rates, etc.),” said Lazard. “These two phenomena result in tighter LCOE ranges (offsetting the significant range expansion observed last year) and relatively stable LCOE averages year-over-year.”

Onshore wind ranked as the lowest source of new-build electricity generation, ranging from $27 to $73 per MWh. Utility-scale solar was a close second, ranging $29 to $92 per MWh.

Utility-scale solar has had the most aggressive cost reduction curve of all technologies, falling about 83% since 2009, when new build solar generation had an LCOE of over $350 per MWh.
[.......]

Cheapest source of fossil fuel generation is double the cost of utility-scale solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.

`

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh

What is the solar cost for 1 MW for 24 continuous hours?
In Chicago. In February.

 

[elektra]

Yet, abu can not show one electric bill that goes down because of solar.

Solar is one of the most expensive forms of electricity.

Solar don't count as a source for electricity, it only works 25% of the day.

 

[Captain Caveman]

Yet, abu can not show one electric bill that goes down because of solar.

Solar is one of the most expensive forms of electricity.

Solar don't count as a source for electricity, it only works 25% of the day.

The problem is with this renewable crap (solar and wind) is that where they're cited and the sheer number required the pylons and wires to be put in place to transmit the electric from those areas. So that cost billions, and their ongoing maintenance keeps those costs going, so electric is never cheaper, but dearer. Climate nuts just focusing on the cost of a solar panel is a fools errand.

 

[CrusaderFrank]

China burns more coal than the rest of the world combined

The AGWCULT needs to protest China

 

[abu afak]

I note Wetwall gave my OP another Thumbs down here,
but is NOT/NEVER topically literate enough here to be able to verbalize his disagreement.
`

 

[ding]

I note Wetwall gave my OP another Thumbs down here,
but is NOT/NEVER topically literate enough here to be able to verbalize his disagreement.
`

I'm surprised you didn't implode from the irony of your statement.

 

[ding]

Some people seem to doubt the cost efficiency of Solar vs Fossil fuels.
I long ago posted the IEA fact in 2020 that Solar had become the cheapest power in the right settings.
Of course, Solar is Tech and tech only gets BETTER/cheaper.
Now HALF the (all-in) 'Levelized cost' vs Fossil Fuels.

Cheapest source of Fossil Fuel Generation is Double the Cost of Utility-scale Solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.
June 11, 2024

Lazard released its annual report analyzing levelized cost of electricity (LCOE), a critical measure of cost-efficiency of generation sources across technology types. The report found that onshore wind and utility-scale solar have the lowest LCOE by a large margin.

LCOE measures lifetime costs divided by energy production and calculates the present value of the total cost of building and operating a power plant over an assumed lifetime.

“Despite high end LCOE declines for selected renewable energy technologies, the low ends of our LCOE have increased for the first time ever, driven by the persistence of certain cost pressures (e.g., high interest rates, etc.),” said Lazard. “These two phenomena result in tighter LCOE ranges (offsetting the significant range expansion observed last year) and relatively stable LCOE averages year-over-year.”

Onshore wind ranked as the lowest source of new-build electricity generation, ranging from $27 to $73 per MWh. Utility-scale solar was a close second, ranging $29 to $92 per MWh.

Utility-scale solar has had the most aggressive cost reduction curve of all technologies, falling about 83% since 2009, when new build solar generation had an LCOE of over $350 per MWh.
[.......]

Cheapest source of fossil fuel generation is double the cost of utility-scale solar​

Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.

`

It's an unfair comparison unless you add the cost for battery backup and double the capacity to allow for charging the batteries while suppling the grid.

 

[Donald H]

It's an unfair comparison unless you add the cost for battery backup and double the capacity to allow for charging the batteries while suppling the grid.

Did you factor in all the costs of burning coal?

1. 
   Burning coal has significant costs to humanity and the climate. A study estimated that the true cost of coal was up to $500 billion annually in the United States alone. Noxious fumes from coal-fired power plants cause tens of thousands of premature deaths worldwide12.
   Learn more:
   
   
   1
   The True Cost of Coal - TrueValueMetrics
   
   truevaluemetrics.org
   2
   
   Q&A: Stanford expert explains why we continue burning coal for ene…
   
   energy.stanfor…
   Feedback
   
2. 
   

 

[CrusaderFrank]

Did you factor in all the costs of burning coal?

1. 
   Burning coal has significant costs to humanity and the climate. A study estimated that the true cost of coal was up to $500 billion annually in the United States alone. Noxious fumes from coal-fired power plants cause tens of thousands of premature deaths worldwide12.
   Learn more:
   
   
   1
   The True Cost of Coal - TrueValueMetrics
   
   truevaluemetrics.org
   2
   
   Q&A: Stanford expert explains why we continue burning coal for ene…
   
   energy.stanfor…
   Feedback
2. https://www.bing.com/ck/a?!&&p=0a9a...oYXQtaXMtdGhlLXJlYWwtY29zdC1vZi1jb2FsLw&ntb=1

Odd that China burns more coal than the rest of the world but no one tells them to lower their carbon footprint

 

[Toddsterpatriot]

It's an unfair comparison unless you add the cost for battery backup and double the capacity to allow for charging the batteries while suppling the grid.

Only double? In December, Chicago gets about 9 hours a day of weak sun.
I might need 4 times the capacity. Or more, to make up for snowy and cloudy days.

 

[Toddsterpatriot]

Did you factor in all the costs of burning coal?

1. 
   Burning coal has significant costs to humanity and the climate. A study estimated that the true cost of coal was up to $500 billion annually in the United States alone. Noxious fumes from coal-fired power plants cause tens of thousands of premature deaths worldwide12.
   Learn more:
   
   
   1
   The True Cost of Coal - TrueValueMetrics
   
   truevaluemetrics.org
   2
   
   Q&A: Stanford expert explains why we continue burning coal for ene…
   
   energy.stanfor…
   Feedback
2. https://www.bing.com/ck/a?!&&p=0a9a...oYXQtaXMtdGhlLXJlYWwtY29zdC1vZi1jb2FsLw&ntb=1

$500 billion?
As long as you're pulling a number out of your ass, just say $500 trillion.

 

[Toddsterpatriot]

Odd that China burns more coal than the rest of the world but no one tells them to lower their carbon footprint

The Chinese aren't going to hand whiny greens billions to tell them they're bad.

 

[ding]

Did you factor in all the costs of burning coal?

1. 
   Burning coal has significant costs to humanity and the climate. A study estimated that the true cost of coal was up to $500 billion annually in the United States alone. Noxious fumes from coal-fired power plants cause tens of thousands of premature deaths worldwide12.
   Learn more:
   
   
   1
   The True Cost of Coal - TrueValueMetrics
   
   truevaluemetrics.org
   2
   
   Q&A: Stanford expert explains why we continue burning coal for ene…
   
   energy.stanfor…
   Feedback
2. https://www.bing.com/ck/a?!&&p=0a9a...oYXQtaXMtdGhlLXJlYWwtY29zdC1vZi1jb2FsLw&ntb=1

Are you suggesting that the people who were trying to show wind and solar were cheaper than fossil fuels provided low estimates for fossil fuels? C'mon, man. Think.

 

[ding]

Only double? In December, Chicago gets about 9 hours a day of weak sun.
I might need 4 times the capacity. Or more, to make up for snowy and cloudy days.

I think that needs to be accounted for if we are going to replace electricity generated from fossil fuels.