Study shows wind and solar falling below conventional generation costs

Financial advisory and asset management firm Lazard Ltd.’s annual studies comparing costs of various generation technologies shows “in some scenarios, alternative energy costs have decreased to . . . at or below the marginal cost of conventional generation,” nawindpower.com reports. George Bilicic, vice chairman and global Head of Lazard’s Power, Energy & Infrastructure Group, said, “we have reached an inflection point where, in some cases, it is more cost-effective to build and operate new alternative energy projects than to maintain existing conventional generation plants,” the article reports. According to Bilicic, “storage remains the key to solving the problem of intermittency.” Lazard’s Levelized Cost of Storage Analysis “shows significant cost declines across most energy storage use cases and technologies.” For more, read the full article

Renewable Energy