In 2021, the average levelized cost of electricity (LCOE) for solar photovoltaic systems was between 30 and 180 U.S. dollars per megawatt hour. At the same time, Australia had an LCOE for solar PV between 30 and 99 U.S. dollars per megawatt, making it the country with the cheapest maximum LCOE that year. In recent years, electricity prices have increased mostly due to increased transmission and distribution investments. The LCOE is calculated by using the average cost to build and operate a power plant divided by its total power output over its lifetime. It is a measure of comparison between different electricity generation methods.
Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country
(in U.S. dollars megawatt hour)
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Lazard. (October 28, 2021). Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard. "Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour)." Chart. October 28, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard. (2021). Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard. "Levelized Cost of Electricity for Solar Photovoltaics Globally as of 2021, by Select Country (in U.S. Dollars Megawatt Hour)." Statista, Statista Inc., 28 Oct 2021, https://www.statista.com/statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
Lazard, Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour) Statista, https://www.statista.com/statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/ (last visited December 21, 2024)
Levelized cost of electricity for solar photovoltaics globally as of 2021, by select country (in U.S. dollars megawatt hour) [Graph], Lazard, October 28, 2021. [Online]. Available: https://www.statista.com/statistics/502004/global-levelized-cost-of-electricity-in-utlity-scale-solar-by-country/
