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LNG vs Solar – what is the best option for island power markets?

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Report summary

Islands around the world continue to burn oil products for power generation.But things are changing. The shale gas revolution is branching out to global LNG markets reducing the price of LNG relative to oil; and the revolution in renewables and energy storage is making access to low carbon technologies an increasingly viable option. In this report we assess the options open to island power markets to displace oil used in power generation focusing on the levelized cost of electricity (LCOE) as well as each option s advantages disadvantages and constraints. This report has been prepared in conjunction with Wood Mackenzie s sister company GTM Research.

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    Future power supply options for island power markets.pdf

    PDF 1.97 MB

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    LNG vs Solar – what is the best option for island power markets?

    PDF 272.97 KB

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    LNG vs Solar – what is the best option for island power markets?

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  • Levelised Cost of Electricity, 2017
  • Levelised Cost of Electricity, 2025

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