Danish Energy Agency Launches Improved LCoE Calculator

Offshore wind is gaining competitiveness compare to conventional power options with a more than 30% decline levelized cost of energy (LCoE) compared to previous projections, shows updated LCoE calculator. The open source LCoE Calculator tool is available for energy planning and simulation in other countries.

The LCoE Calculator is a tool to estimate and compare the socio-economic electricity production costs in a simplified manner using localized data and estimates.The improved calculator shows that the cost reduction in some of the core renewable energy options is bigger than previous expected by the Danish Energy Agency. Especially for offshore wind a combination of lower initial investment (CAPEX) and declining operational costs (OPEX) and technology improvement that allow... ... More: Official Press Release Danish Energy Agency

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Danish Energy Agency, LCoE Calculator, onshore, offshore, wind energy, Denmark