Lazard’s Levelized Cost of Energy (“LCOE”) analysis addresses the following topics:
- Comparative LCOE analysis for various generation technologies on a $/MWh basis, including sensitivities for U.S. federal tax subsidies, fuel prices, carbon pricing and cost of capital
- Illustration of how the LCOE of onshore wind, utility-scale solar and hybrid projects compare to the marginal cost of selected conventional generation technologies
- Illustration of how the LCOE of onshore wind, utility-scale solar and hybrid projects, plus the cost of firming intermittency in various regions, compares to the LCOE of selected conventional generation technologies
- Historical LCOE comparison of various utility-scale generation technologies
- Illustration of the historical LCOE declines for wind and utility-scale solar technologies
- Comparison of capital costs on a $/kW basis for various generation technologies
- Deconstruction of the LCOE for various generation technologies by capital cost, fixed operations and maintenance (“O&M”) expense, variable O&M expense and fuel cost
- Considerations regarding the operating characteristics and applications of various generation technologies
- Summary considerations in respect of Lazard’s approach to evaluating the LCOE of various conventional and renewable energy technologies
- Appendix materials, including:
- − An overview of the methodology utilized to prepare Lazard’s LCOE analysis
- − A summary of the assumptions utilized in Lazard’s LCOE analysis
