Europe levelised cost of electricity (LCOE) 2023

This report provides an analysis and outlook to 2050 for power technology and generation cost trends in Europe. It includes levelised cost of electricity (LCOE) data covering 19 key technologies, including coal, gas combined cycle, carbon capture and storage for coal and gas, gas peaker, gas engine, hydrogen-fired gas plants, onshore wind, offshore wind (fixed bottom and floating), utility-scale solar (with and without tracker), nuclear, battery storage, solar hybrid (with and without tracker), and distributed solar technologies. This annual power and renewables system costs and LCOE report for Europe provides technology-level analysis for 15 markets. The research examines competition between renewable power, fossil fuel power, nuclear power and energy storage in each country, and highlights critical inflexion points in the cost trajectory. The data accompanying the full report can be accessed via the link below.