Are We There Yet? Solar and Wind Power Projects Achieve Cost Competitiveness
DBRS Limited (DBRS) released a commentary titled “Are We There Yet? Solar and Wind Power Projects Achieve Cost Competitiveness.â€In this commentary, DBRS revisits cost development for solar and wind power over the 18-month period between H1 2017 and H2 2018. Data now show that solar and wind power have on average become more cost competitive on a levellized basis than conventional energy sources. During the past 18 months, the cost of utility-scale solar and wind power projects continued its downward trend with the levellized cost of electricity (LCOE) of intermittent energy sources becoming increasingly competitive. As governments worldwide are reducing direct support for renewable power projects, this has paved the way for subsidy-free projects to become more common.
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