Cost Analysis of Electricity Generation from Different Sources

Abstract

This paper discusses and analyzes the economics for total cost investment to produce electricity from different sources like Geothermal Energy, Wind Energy, Hydro, Nuclear, Solar, etc. Renewable energy is the focus of this study since it is both affordable and a superior solution than non-renewable energy. The world's nonrenewable energy supply is running out, and prices are rising rapidly. As a result, the use of renewable energy sources is steadily growing. The total installed cost of different sources from 2007-2019 is shown clearly in this paper. An overall discussion on electricity generation is also included in this paper.