The falling cost of wind and solar energy, and batteries, is putting pressure on coal and natural gas generation, according to Bloomberg New Energy Finance. In the first half of 2018, the benchmark global levelised cost of energy (LCOE) for onshore wind is $55 per MWh, down 18% from 1H 2018, while the equivalent for solar PV without tracking systems is $70 per MWh, also down 18%. Offshore wind’s LCOE is $118 per MWh in the first six months of last year, down 5%.
The falling cost of wind and solar energy, and batteries, is putting pressure on coal and natural gas generation, according to Bloomberg New Energy Finance. In the first half of 2018, the benchmark global levelised cost of energy (LCOE) for onshore wind is $55 per MWh, down 18% from the first six months of last year, while the equivalent for solar PV without tracking systems is $70 per MWh, also down 18%. Offshore wind’s LCOE is $118 per MWh in 1H 2018, down 5%.