This is an insightful post. Unfortunately, and as you hinted to, LCOE typically does NOT include the other hidden costs of solar and wind, such as the cost of the gas turbines needed to stabilise the grid due to the unreliability/intermittency of solar and wind, or the environmental costs of the enormous amount of land it takes for wind and solar.
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Another quick bit on solar. There is clean solar and dirty solar. Clean solar is what we call, solar-thermal, various ways we collect heat from the sun to boil water and spin a turbine. Dirty solar is what you guys in the vernacular call “solar panels”. In engineering we call it photovoltaics, in which sunlight is converted directly to electricity. The trouble with photovoltaics is that they wear out, and when they are worn out, they present a toxic waste disposal problem. If you landfill them, they will leach out into the local environment and the ground water. You can recycle them, but it is expensive and hazardous. Most forward thinking states like CA, find it cheaper to pay poorer states to landfill them. They get the “free” money from CA and it becomes their problem to deal with the toxicity leaching into their water and lands. We also ship them back to China, and let them deal with it. Either way, it’s the rich, shipping their toxic wast to the poor, paying them for it, and letting them deal with the health consequences and environmental damage from it.
So why not just go with the clean version of solar then? Because it’s more expensive than dirty solar. The groundbreaking tech of the Ivanpah solar thermal plant out in the Mojave Desert in CA near the border with Nevada, is sadly being shut down. They used up their subsidies and it’s too expensive to keep running. The tech is amazing though. If you are a nerd, you should read up on it. When I was a kid in Australia, I read an article in Popular Mechanics about the concept that Ivanpah put into practice. Shame it’s too expensive because it’s neat tech.
-Peter