Renewable sources such as wind and solar have notably lower levelized costs compared to fossil-based sources. In 2021, the global average LCOE for solar stood at 36 U.S. dollars per megawatt hour compared to 108 U.S. dollars per megawatt hour of coal electricity generated.
Average levelized cost of energy (LCOE) by energy source worldwide in 2021
(in U.S. dollars per megawatt hour)
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Energy Post. (April 7, 2022). Average levelized cost of energy (LCOE) by energy source worldwide in 2021 (in U.S. dollars per megawatt hour) [Graph]. In Statista. Retrieved January 24, 2025, from https://www.statista.com/statistics/1312123/global-lcoe-by-energy-source/?__sso_cookie_checker=failed
Energy Post. "Average levelized cost of energy (LCOE) by energy source worldwide in 2021 (in U.S. dollars per megawatt hour)." Chart. April 7, 2022. Statista. Accessed January 24, 2025. https://www.statista.com/statistics/1312123/global-lcoe-by-energy-source/?__sso_cookie_checker=failed
Energy Post. (2022). Average levelized cost of energy (LCOE) by energy source worldwide in 2021 (in U.S. dollars per megawatt hour). Statista. Statista Inc.. Accessed: January 24, 2025. https://www.statista.com/statistics/1312123/global-lcoe-by-energy-source/?__sso_cookie_checker=failed
Energy Post. "Average Levelized Cost of Energy (Lcoe) by Energy Source Worldwide in 2021 (in U.S. Dollars per Megawatt Hour)." Statista, Statista Inc., 7 Apr 2022, https://www.statista.com/statistics/1312123/global-lcoe-by-energy-source/?__sso_cookie_checker=failed
Energy Post, Average levelized cost of energy (LCOE) by energy source worldwide in 2021 (in U.S. dollars per megawatt hour) Statista, https://www.statista.com/statistics/1312123/global-lcoe-by-energy-source/?__sso_cookie_checker=failed (last visited January 24, 2025)
Average levelized cost of energy (LCOE) by energy source worldwide in 2021 (in U.S. dollars per megawatt hour) [Graph], Energy Post, April 7, 2022. [Online]. Available: https://www.statista.com/statistics/1312123/global-lcoe-by-energy-source/?__sso_cookie_checker=failed
