No, wind and solar are not the cheapest energy sources. Your guide to Lazard’s Levelized Cost of Energy Analysis: A series
Wind and solar special interest groups frequently claim that these technologies are the lowest-cost sources of electricity. Almost invariably, the citation used to support these claims is Lazard’s Levelized Cost of Energy analysis, but the analysis, which is a tool used by investors, not grid planners, doesn’t actually say what the most unscrupulous wind and solar promoters think it says.
Over the next several days, American Experiment will dig into the details of the Lazard report and explain how wind and solar promoters are misusing it to wrongly suggest that these energy sources are the lowest-cost sources of electricity in America today.
Part 1: What is the Levelized Cost of Energy?
Part 2: This disclaimer
Part 3: Why comparing new wind and solar costs to new coal, gas, and nuclear makes no sense
Part 4: Lazard says wind and solar costs are increasing