<
https://reneweconomy.com.au/gas-cant-compete-with-wind-solar-and-storage-even-in-worlds-biggest-market/>
"The latest levellised cost of energy assessment has been released by global
investment bank Lazard, confirming – as CSIRO and the market operator have done
in Australia – that wind and solar, even “firmed” by battery storage, still
beat the fossil fuel competition.
In fact, the Lazard assessment shows that on pretty much any assessment – cost
of energy, cost of energy and firming, marginal cost of energy, and cost of
capital – wind and solar win easily. And that’s without counting the carbon
cost of their competitors, and the impact of the Joe Biden’s Inflation
Reduction Act.
“The central findings show, among other things, that even in the face of
inflation and supply chain challenges the LCOE (levellised cost of energy) of
best-in-class renewables continues to decline,” Lazard notes.
It also says the IRA will have a dramatic impact on the market and will boost
more investment in renewables, that storage will grow in scope and importance,
and that even hydrogen could play a significant role.
It has no doubt where this will lead: The continued retirement of conventional
generation “at pace” – an assessment that is supported by the US Energy
Information Administration [...]"
Via Christoph S.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
