Global average levelized cost of electricity by technology 2023

Published by Statista Research Department, Feb 7, 2025

In 2023, the global average levelized cost of electricity (LCOE) produced from onshore wind reached 33 U.S. dollars per megawatt-hour generated. This energy source accounted for the smallest LCOE that year, while nuclear energy had the highest figure.

Average levelized cost of electricity benchmarks worldwide in 2023, by selected technologies (in U.S. dollars per megawatt-hour)

CharacteristicLCOE in U.S. dollars per megawatt-hour
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Statistic: Average levelized cost of electricity benchmarks worldwide in 2023, by selected technologies (in U.S. dollars per megawatt-hour)

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Release date

September 2024

Region

Worldwide

Survey time period

2023

Special properties

In 2023 U.S. dollars.

Supplementary notes

Global benchmark is a country weighted-average using the latest annual capacity additions.

*Figures refer to H1 2023. Source is BloombergNEF.

** Reflects utility-scale projects with a four-hour duration, and includes charging costs. ***Carbon capture and storage.

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