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Lazard Levelized Cost of Energy (LCOE)

Annual benchmark of the unsubsidized levelized cost of energy ($/MWh) for utility-scale renewable and conventional generation technologies, from Lazard's LCOE Analysis series (v1.0–v17.0, 2008–2023). Covers utility-scale solar PV, onshore wind, offshore wind, gas combined cycle, gas peaker, coal, and nuclear. Ranges reflect low and high estimates across plant configurations, financing structures, and geographies.

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/climate-and-environment/lazard-levelized-cost-of-energy/
https://datahub.io/climate-and-environment/lazard-levelized-cost-of-energy/_r/-/README.md
https://datahub.io/climate-and-environment/lazard-levelized-cost-of-energy/_r/-/data/lcoe.csv
https://datahub.io/climate-and-environment/lazard-levelized-cost-of-energy/_r/-/datapackage.json
Key Files

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datapackage.jsonmetadata & schema
https://datahub.io/climate-and-environment/lazard-levelized-cost-of-energy/_r/-/datapackage.json
README.mddocumentation
https://datahub.io/climate-and-environment/lazard-levelized-cost-of-energy/_r/-/README.md
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lcoe

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Schema

nametypedescription
yearintegerYear the Lazard report was published (and for which costs are estimated)
versionnumberLazard LCOE report version number (e.g., 1.0, 10.0, 16.0)
technology_idstringMachine-readable technology identifier (e.g., 'solar-pv-utility', 'wind-onshore')
technologystringHuman-readable technology name
lcoe_lownumberLow end of unsubsidized LCOE range, in nominal USD per MWh
lcoe_highnumberHigh end of unsubsidized LCOE range, in nominal USD per MWh

Data Files

FileDescriptionSizeLast modifiedDownload
lcoe
Unsubsidized levelized cost of energy ($/MWh, nominal) for seven generation technologies, reported annually from Lazard LCOE v1.0 (2008) through v17.0 (2023). Each row gives the low and high range published in that year's report.4.05 kBabout 2 months ago
lcoe
FilesSizeFormatCreatedUpdatedLicenseSource
14.05 kBcsvabout 2 months agoOpen Data Commons Public Domain Dedication and LicenseLazard's Levelized Cost of Energy Analysis, Versions 1.0–17.0 (2008–2023)

Lazard Levelized Cost of Energy (LCOE)

Annual benchmark of the unsubsidized levelized cost of energy ($/MWh) for utility-scale generation technologies. Published by Lazard since 2008.

Data

data/lcoe.csv — LCOE low/high ranges per technology per year, from Lazard LCOE v1.0 (2008) through v17.0 (2023).

Technologies covered:

IDNameFirst reported
solar-pv-utilityUtility-Scale Solar PV2008
wind-onshoreOnshore Wind2008
wind-offshoreOffshore Wind2015
gas-ccgtGas Combined Cycle2008
gas-peakerGas Peaker2015
coalCoal2008
nuclearNuclear2008

Units: Nominal USD per MWh (unsubsidized, i.e. pre-subsidy)

Key Finding

Solar PV costs fell ~93% from 2008 to 2023 (midpoint: ~$398/MWh → ~$60/MWh). Onshore wind fell ~60% over the same period. By 2020, both were cheaper than new-build coal or nuclear across nearly all scenarios.

Notable exception: the 2022 report (v16.0) showed solar costs widening to $24–$96/MWh due to supply chain inflation after a decade of steady decline.

Source

Lazard's Levelized Cost of Energy Analysis, Versions 1.0–17.0 (2008–2023): https://www.lazard.com/research-insights/lazards-levelized-cost-of-energyplus/

Data extracted from the annual PDF reports. Values represent the headline unsubsidized LCOE ranges for new-build projects in the US, reflecting typical financing, capacity factors, and fuel costs at time of publication.

Note: Lazard also publishes a separate Levelized Cost of Storage (LCOS) analysis for battery storage — not included here.

License

Data extracted from publicly available Lazard PDF reports. Released as public domain (ODC-PDDL).