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Electricity from wind and solar more economical than nuclear IES
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The Institute for Energy Security (IES) has revealed that generating electricity from wind and solar is cost-effective than nuclear.
The institute’s analysis of data from the U.S. Energy Information Administration (EIA) and financial advisory and asset management firm Lazard, indicates that there are potential savings by generating electricity from renewables compared to nuclear power.
According to the Institute, the said potential saving is as close to 288 percent for wind and utility-scale solar photovoltaic (PV).
The analysis based on Lazard’s Levelized Cost of Energy (LCOE) indicates that “between 2010 and 2019 reveal that new unsubsidized wind and solar power were cheaper than some already running resources like coal, nuclear, and some gas. The cost decline is rendering solar PV and wind increasingly attractive resource relative to conventional generation technolo ....

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