* From IEA World Energy Outlook 2000, that uses a flat 7.0 discount rate for all technologies. ** Computed by Awerbuch using variable, theoretically defensible discount rates for each technology according to the ideal and empirical cases. *** From conventional in the first column. Source: Shimon Awerbuch, Tyndall Centre, Sussex University
Technology
Conventional DCF* (US c/kWh)
Ideal risk-adjusted DCF** (US c/kWh)
% change***
Empirical risk-adjusted DCF** (US c/kWh)
% change***
Geothermal
3.3
3.1
-6
3.1
-6
Biomass
2.8
3.2
+14
3.2
+14
Wind
4.0
3.6
-10
3.6
-10
Large hydro
5.0
4.7
-6
4.7
-6
Nuclear
4.0
5.5
+38
5.5
+38
Coal IGCC
3.2
4.2
+31
6.0
+87
Pulverised coal
3.2
4.5
+41
6.7
+109
GTCC
3.0
5.0
+72
7.2
+140
GT single cycle
3.4
6.0
+86
9.4
+176
Solar thermal
11.9
11.1
-6
11.1
-6
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