Study Finds Wind and Solar 2 to 3 Times More Expensive Than Existing Generation Resources - IER

Study Finds Wind and Solar 2 to 3 Times More Expensive Than Existing Generation Resources - IER
"WASHINGTON — Today the Institute for Energy Research and the American Coalition for Clean Coal Energy released a new study evaluating the levelized cost of electricity (LCOE) from new and existing generation resources...

The following chart shows the stark contrast between the cost of electricity from existing and new sources:

As the chart shows: the average LCOEs from existing coal ($41), cc gas ($36), nuclear ($33), and hydro ($38) resources are less than half the cost of new wind resources ($90) or new PV solar resources ($88.7) with imposed costs included..."

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