Study

Study: Levelized Cost of Electricity- Renewable Energy Technologies

Dr Christoph Kost, Fraunhofer ISE

Levelized Cost of Electricity Renewable Energy Technologies
© Fraunhofer ISE

The study compares the present costs for conversion of different energy forms into electricity and gives a prognosis for the further cost development up to 2035. The scientists in Freiburg analyze both the levelized cost of electricity (LCOE) from renewables as well as from conventional energy technologies. They present comparative figures for new power plants constructed in Germany, which are based on solar, wind energy and biogas as well as brown coal, hard coal and gas.

The study was carried out in the research topic Energy System Analysis and is also available in german language.

 

Press release "Photovoltaic Plants with Battery Cheaper than Conventional Power Plants" (October, 2024)

The following two figures show the most important results of the study:

© Fraunhofer ISE
LCOEs for renewable energies and conventional power plants at locations in Germany in 2024. A minimum and a maximum value of the specific LCOEs are shown for each technology.
© Fraunhofer ISE
Development of the LCOE of renewable and natural gas or hydrogen-fired power plants (without heat extraction) in Germany from today up to 2045.