This updated version (2012) of the study on the “Levelized

costs of electricity - renewable energies” December

2010 incorporates current cost trends the last two years

(Kost and Schlegl, 2010). The standard financing costs and

risk premiums for the market are covered in more detail in this

version and are calculated individually for each technology and

country. This allows for a realistic comparison of power plant

locations, technology risks and cost trends. The level of financing

costs has a considerable influence on the LCOE and on

the competitive capacity of a technology. This has to be taken

into account when comparing the 2010 study with the current

version. The LCOE have been recalculated using current, specific

investments. The study models future cost trends based

on market growth and observed learning curves, thus allowing

conclusions to be drawn regarding the competitive capacity of

the individual technologies.-This updated version (2012) of the study on the “Levelized

costs of electricity - renewable energies”　December

2010 incorporates current cost trends　the last two years

(Kost and Schlegl, 2010). The standard financing costs and

risk premiums for the market are covered in more detail in this

version and are calculated individually for each technology and

country. This allows for a realistic comparison of power plant

locations, technology risks and cost trends. The level of financing

costs has a considerable influence on the LCOE and on

the competitive capacity of a technology. This has to be taken

into account when comparing the 2010 study with the current

version. The LCOE have been recalculated using current, specific

investments. The study models future cost trends based

on market growth and observed learning curves, thus allowing

conclusions to be drawn regarding the competitive capacity of

the individual technologies.