In 2023, nuclear energy was the technology with the greatest LCOE globally, at 180 U.S. dollars per megawatt-hour. While costs for renewable energy have been on a downward trend since 2009, the data for 2023 represents an increase on 2021 values, as prices react to supply chain issues caused by the war in Ukraine.
Mean unsubsidized levelized cost of energy (LCOE) worldwide from 2009 to 2023, by source
Characteristic
Nuclear
Gas Peaking
Solar Thermal Tower*
Coal
Geothermal
Solar PV-Utility Scale*
Wind (Onshore)
Gas Combined Cycle
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Reflects the average high and low LCOE for each technology.
Supplementary notes
* No longer analyzed.
** Prior releases by the source divided utility-scale solar PV into thin film and crystalline subcategories. All values prior to 2023 reflect those of the solar PV-crystalline technology.
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Lazard. (April 4, 2023). Mean unsubsidized levelized cost of energy (LCOE) worldwide from 2009 to 2023, by source [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1415038/global-mean-unsubsidized-lcoe-by-source/
Lazard. "Mean unsubsidized levelized cost of energy (LCOE) worldwide from 2009 to 2023, by source." Chart. April 4, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1415038/global-mean-unsubsidized-lcoe-by-source/
Lazard. (2023). Mean unsubsidized levelized cost of energy (LCOE) worldwide from 2009 to 2023, by source. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1415038/global-mean-unsubsidized-lcoe-by-source/
Lazard. "Mean Unsubsidized Levelized Cost of Energy (Lcoe) Worldwide from 2009 to 2023, by Source." Statista, Statista Inc., 4 Apr 2023, https://www.statista.com/statistics/1415038/global-mean-unsubsidized-lcoe-by-source/
Lazard, Mean unsubsidized levelized cost of energy (LCOE) worldwide from 2009 to 2023, by source Statista, https://www.statista.com/statistics/1415038/global-mean-unsubsidized-lcoe-by-source/ (last visited July 03, 2024)
Mean unsubsidized levelized cost of energy (LCOE) worldwide from 2009 to 2023, by source [Graph], Lazard, April 4, 2023. [Online]. Available: https://www.statista.com/statistics/1415038/global-mean-unsubsidized-lcoe-by-source/