7169281775
Summary Findings of Lazard’s 2017 Levelized Cost of Energy AnalysisW
Selected Historical Mean LCOE ValuesM
LCOE Version 3.0
4.0
5.0
7.0
9.0
Nudear
20%
Coal
(8%)
Gas—Combined Cyde (27%)
Utility Scalę Solar' (86%)
Wind
(67%)
Source: Lazard estimates
Notę Reflects average of unsubsidized high and Iow LCOE rangę for given version of LCOE study
(1) Primarily relates to North American altemative energy landscape, but reflects broader/global cost declines.
(2) Reflects total decrease in mean LCOE sińce the later of Lazard s LCOE—Version 3.0 or the first year Lazard has tracked the relevant technology
(3) Reflects mean of fixed-titt (high end) and smgle-axis tracking (Iow end) crystalline PV installations
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