Europe levelised cost of electricity (LCOE) 2024 report

Commodity Market Report 30 September 2024

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Report summary

This report presents the findings of our latest analysis on the development of the levelised cost of electricity (LCOE) across Europe, with projections extended to 2060 under low, base case and high scenarios. It provides a comprehensive commentary on the competitiveness of 20 technologies, assessing their viability in each market. Our analysis encompasses 15 key markets: Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden and the UK. Given that Italy, Denmark, Sweden and Norway have zonal power pricing mechanisms, we have modelled each specific zone to effectively capture localised dynamics for wind and solar projects.