Record-low prices awarded at auctions indicate competitiveness of renewables

By Michelle Froese Editor’s note: According to new research from MAKE Consulting, technological improvements, economy of scale, and aggressive market competitions continue to deliver on lowering the levelized cost of electricity (LCOE) of renewables. MAKE’s LCOE Research Note examines the evolution of the cost of wind and solar energy, and other forms of power generation in 14 key global markets. Here are some key findings.
According to MAKE Consulting, deployment of the latest generation of blades and advanced O&M practices provide for lower levels of LCOE
The global renewable energy industry has grown significantly since 2010, enabling widespread achievement of cost reductions and lowering

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