This updated version (2012) of the study on the “Levelized costs of electricity - renewable energies” December 2010 incorporates current cost trends the last two years (Kost and Schlegl, 2010). The standard financing costs and risk premiums for the market are covered in more detail in this version and are calculated individually for each technology and country. This allows for a realistic comparison of power plant locations, technology risks and cost trends. The level of financing costs has a considerable influence on the LCOE and on the competitive capacity of a technology. This has to be taken into account when comparing the 2010 study with the current version. The LCOE have been recalculated using current, specific investments. The study models future cost trends based on market growth and observed learning curves, thus allowing conclusions to be drawn regarding the competitive capacity of the individual technologies.

U.S. Energy.pdf

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