Australia’s leading scientific research group and the country’s energy market operator have released a benchmark study that shows the cost of new wind and solar – even with hours of storage – is “unequivocally” lower than the cost of new coal generation.
The joint study – GenCost 2018 – by the CSIRO and AEMO shows that the levellised cost of energy (LCOE) of solar and wind is well below that of any other generation source.
Even adding two and six hours of storage with batteries or pumped hydro still leaves the cost of “firm” solar and wind power cheaper than any fossil fuel alternative.
Read the story from RenewEconomy by Giles Parkinson - “CSIRO/AEMO study says wind, solar and storage clearly cheaper than coal.”
