LCOE from large-scale PV fell 4% to $50 per megawatt-hour in six months

Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.The cost of generating solar power has plunged low enough to threaten thermal power fleets in the world coal capital of China and fossil fuel facilities in the petrostate of the UAE, according to new figures published by Bloomberg New Energy Finance. With the crucial falls in the levelized cost of energy (LCOE) from ...

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