In 2018, the estimated levelized cost of electricity (LCOE) for solar photovoltaic power in Latin America ranged from 0.07 to 0.13 U.S. dollars per kilowatt hour. Chile reported the lowest estimated cost in the region, while Brazil and Ecuador displayed some of the highest. Overall, the average installed cost for solar PV worldwide has decreased almost exponentially in the past decade.
Levelized cost of electricity (LCOE) of solar photovoltaic power in selected countries in Latin America and the Caribbean in 2018
(in U.S. dollars per kilowatt hour)
Levelized cost of electricity (LCOE) is a measure of the average cost of electricity generation for a plant during its lifetime.
Figures were estimated by Solargis based on input from IRENA. Additional information regarding the methodology can be found here.
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Solargis, & World Bank, & ESMAP. (June 1, 2020). Levelized cost of electricity (LCOE) of solar photovoltaic power in selected countries in Latin America and the Caribbean in 2018 (in U.S. dollars per kilowatt hour) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1219314/lcoe-solar-photovoltaic-power-latin-america-country/
Solargis, und World Bank, und ESMAP. "Levelized cost of electricity (LCOE) of solar photovoltaic power in selected countries in Latin America and the Caribbean in 2018 (in U.S. dollars per kilowatt hour)." Chart. June 1, 2020. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1219314/lcoe-solar-photovoltaic-power-latin-america-country/
Solargis, World Bank, ESMAP. (2020). Levelized cost of electricity (LCOE) of solar photovoltaic power in selected countries in Latin America and the Caribbean in 2018 (in U.S. dollars per kilowatt hour). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1219314/lcoe-solar-photovoltaic-power-latin-america-country/
Solargis, and World Bank, and ESMAP. "Levelized Cost of Electricity (Lcoe) of Solar Photovoltaic Power in Selected Countries in Latin America and The Caribbean in 2018 (in U.S. Dollars per Kilowatt Hour)." Statista, Statista Inc., 1 Jun 2020, https://www.statista.com/statistics/1219314/lcoe-solar-photovoltaic-power-latin-america-country/
Solargis & World Bank & ESMAP, Levelized cost of electricity (LCOE) of solar photovoltaic power in selected countries in Latin America and the Caribbean in 2018 (in U.S. dollars per kilowatt hour) Statista, https://www.statista.com/statistics/1219314/lcoe-solar-photovoltaic-power-latin-america-country/ (last visited November 23, 2024)
Levelized cost of electricity (LCOE) of solar photovoltaic power in selected countries in Latin America and the Caribbean in 2018 (in U.S. dollars per kilowatt hour) [Graph], Solargis, & World Bank, & ESMAP, June 1, 2020. [Online]. Available: https://www.statista.com/statistics/1219314/lcoe-solar-photovoltaic-power-latin-america-country/
