In Europe, almost all renewable energy sources have become
cheaper than combined cycle gas turbines
LCOE results for EU 27 – comparison of main technologies – percentage change between 2008 and 2018
LCOE stands for levelised cost of energy. LCOE is calculated in €, 2018/MWh. Offshore wind's rising cost can be explained by the fact that developers are moving further offshore and into deeper waters, adding to installation and development costs.