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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs