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GWEC to politicians: Look beyond LCOE

Renewable energy utilization must be improved, and politicians must think beyond mere prices and instead address system optimization, writes trade association in a new report.

Photo: René Schütze

The Levelized Cost of Energy (LCOE) is typically the measurement unit that gets the most attention in the wind power industry, as it expresses a project's total costs relative to electricity generation. Now, however, the Global Wind Energy Council (GWEC) urges politicians to focus their attention elsewhere.

Rather than fixating on LCOE, political efforts should shift toward creating markets better able to utilize and support wind and other sources of renewable energy. This could, for instance, take place through hybrid RE facilities connected to batteries or hydrogen projects.

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