Business Leader Latin America, Caribbean, US Mid-Atlantic & South East @BloombergNEF | Co-Founder & Board Member @AMIVE | MBA | Clean Energy, Mobility & Sustainability
The latest BloombergNEF 2025 Levelized Cost of Electricity report is out. The cost of clean power technologies such as wind, solar and battery technologies are expected to fall further by 2-11% in 2025, breaking last year’s record. New wind and solar farms are already undercutting new coal and gas plants on production cost in almost every market globally. Read the press release here: https://lnkd.in/g2KNMFcu BNEF users can read the full report and access the model here: https://lnkd.in/gEWcpjzJ Congrats to Amar Vasdev and his team.
BNEF still promoting LCOE for comparison of different generation asset classes within a grid network? Tut, tut. This is an incorrect and inaccurate approach. This easy to read paper explains why LCOE is a faulty metric, and proposes alternatives. https://www.researchgate.net/publication/351103952_Total_Systems_Cost_A_Better_Metric_for_Valuing_Electricity_in_Supply_Network_Planning_and_Decision-Making
This is great news for PV + BESS behind-the-meter systems for end consumers, particularly in countries where power distribution services are poor. We are approaching a power singularity point.
The LCOE for BESS on the graph is misleading, seems like the price is for 4h, so the actual MWh is $26
Very informative
Thank you for share this report Guillaume! Good expectation in solar and wind. Incredible the situation with Battery storage systems. It will greatly help the strenght of the systems to be able to contribute to the energy transition from fossil and non-renewable sources.
Very helpful
This is great news for global decarbonization of the electricity markets, to lower dependence on coal and increased investments in renewables. The industry has evolved, lowering costs, through innovation and technology. BUT, this is still not enough for the green hydrogen sector and all those projects that are at FDI stage. For green hydrogen to be competitive, electricity has to be below $20/MWh. Still more to be done to avoid being dependent on subsidies and tax breaks.