BNEF: cost of new renewables rises as inflation starts to bite
Green Car Congress
JULY 1, 2022
The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power. Cost rises are linked to increases in the cost of materials, freight, fuel and labor.
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