Transition to Renewable Energy
Why?
The price of electricity from new power plants
Electricity prices are expressed in 'levelized costs of energy' (LCOE).
LCOE captures the cost of building the power plant itself as well as the
ongoing costs for fuel and operating the power plant over its lifetime.
$300/MWh
$200/MWh
$359
$275
$168
$135
$123
$111
$100/MWh
$83
$0/MWh
The price of electricity from solar
declined by 89% in these 10 years.
The price of onshore wind electricity
declined by 70% in these 10 years.
2009
Data: Lazard Levelized Cost of Engery Analysis, Version 13.0
Our WorldinData.org - Research and data to make progress against the world's largest problems.
$175
Gas peaker -37%
$155
Nuclear +26%
$141
Solar Thermal Tower -16%
$109
Coal -2%
Our World
$56
$41
Gas (combined cycle] -32%
Onshore wind
$40
Solar Photovoltaic
2019
in Data
Licensed under CC-BY by the author Max Roser.
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