Cost Of Renewables Falls As Installed Capacity Increases

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Takeaways:

  • Researchers have found that people operating renewables like solar and wind farms are learning to do it more efficiently, which is lowering the Levelized Cost of Electricity (LCOE)
  • The LCOE comprises several components, the most important being the upfront installed cost of the plant.
  • The researchers determined that LCOE-based learning rates were 15% for wind and 24% for solar.

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