IRENA reports 22% lower LCOE of geothermal power in 2022
ThinkGeoEnergy
AUGUST 29, 2023
.” Global LCOE from newly commissioned, utility-scale renewable power technologies, 2021-2022 (source: IRENA) In the case of geothermal, decreased installed costs and the constantly high capacity factor were the driving factors for a more competitive LCOE in 2022.
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