SACE has a convention of celebrating the passage of every workers member’s work anniversary on their rent date with a celebratory electronic mail–normally with a humorous image or quote or one thing like that (for instance see at proper my birthday celebration image from a colleague a number of years again). I obtained my celebratory SACE-iversary electronic mail final week, marking eight years of working with the group.
It obtained me reflecting on how my work has modified over the past eight years and the way a lot the clear energy markets have modified over that very same time. Curious, I appeared up Lazard’s levelized value of energy evaluation then and now.
I discovered that unsubsidized wind energy went from $50-$92 per megawatt-hour (MWh) in 2011 to $29-$56 in 2018, a value decline of 42% on the low finish to 39% on the excessive finish. Solar energy from crystalline floor mount/utility scale solar crystalline (unsubsidized) went from $148-$166 per MWh in 2011 to $40-$46 in 2018, a value decline of 73% on the low finish and 72% on the excessive finish. Solar energy from skinny movie PV (unsubsidized) went from $121-$242 per MWh in 2011 to $36-$44 in 2018, a value decline of 70% on the low finish and 82% on the excessive finish.
These value declines don’t even embody the dramatic enhancements within the years earlier than I working at SACE or the tax credit that even additional decrease prices.
Overall, Lazard estimates that since 2009, wind energy has declined 69% in value and crystalline utility-scale solar has declined 88% in value.
Remarkable! What an incredible time to be advocating for clear energy, as SACE has executed for the previous 34 years, selling accountable energy decisions to make sure clear, secure and wholesome communities all through the Southeast! Visit our website to search out out extra about our work.