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Lazard’s LCOE misleads investors to US renewables

The cost of renewable energy is continuing to fall, according to the latest analysis from Lazard, and press coverage is focused on the fear of rates slowing as technologies mature. This may come as a red flag to developers, but Lazard’s forecast does NOT fully reflect the intricacies or greatest regions of potential in the energy market. Lazard’s annual report addressing the LCOE of various energy types was released last week, indicating that the cost of utility scale solar and onshore wind has been declining by 13% and 7% per year respectively for the last five years. Figures in the report indicate that cost-efficiency gains have slowed in recent years, particularly for onshore wind, but that new-builds are now competitive…

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