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For all the love showered upon fossil fuels by US President Donald Trump, they just can’t keep up with the renewable energy technology of the 21st century. In particular, wind and solar offer more abundant, economical, and accessible solutions to the energy challenges of today. But, don’t just take our word for it. The leading US-based, global-facing asset manager Lazard has just run the numbers.
Renewable Energy Wins, Again
By now, everyone knows — or should know — that the Commander-in-Chief routinely makes stuff up to suit his own interests. Still, facts are facts, and the new Lazar analysis is a case in point. Earlier today the firm posted its 19th “Levelized Cost of Energy+” report, with LCOE referring to an agreed-upon system for comparing the cost of power generation between widely disparate energy resources.
The headline of the announcement sums up the state of affairs, with “renewables” referring to wind, solar, and storage:
