The breakdown: The levelized cost of energy (LCOE) for solar and wind sit at $40/MWh and $37/MWh, according to a new Lazard report. Meanwhile, combined cycle gas plants start at $51/MWh.
The heavyweight: Solar wins out despite an 18% LCOE jump from last year—that’s due to factors like tariffs, rising interest rates, and the supply chain squeeze. Still, utilities and data center developers are eyeing new gas as the key ingredient for near-term reliability…if they can snag equipment off the yearslong waitlist, that is.
Tue, Jul 14