⬇️LCOE of onshore wind projects added in 2021 fell by 15%, year-on-year, to USD 0.033/kWh
⬇️ Utility-scale solar PV and offshore wind LCOE fell by 13% year-on-year to USD 0.048/kWh & USD 0.075/kWh respectively
⬆️ CSP up 7% though
2/n
Aug 21, 2020 • 12 tweets • 4 min read
A quick thread on why "over capacity" or " over build" of solar and wind is predominantly an ignorant or bad faith argument that misses, oh, well a truck load of important points. 1/
First: A lot of people spend a lot of time reminding us what we already know. You need to match elec supply & demand in real time, surprise. That means that at times you are calling on expensive generation to fill peak demands or supply gaps. 2/