Lazard's annual report reveals that renewable energy has become the most cost-competitive form of electricity generation, even without subsidies. As demand for electricity is projected to grow due to data centers and AI, this report challenges ongoing political debates surrounding the elimination of tax credits for wind and solar energy. However, Lazard notes that low natural gas prices may make existing gas plants economically favorable, highlighting a complex landscape for energy generation costs in the U.S.
Lazard's report emphasizes that renewable energy is the more cost-effective option for new power generation in the U.S., even without federal subsidies.
Despite the competitiveness of renewables, existing natural gas plants remain appealing due to low gas prices and rising costs of renewable energy.
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