(PRWEB UK) 3 March 2016
Natural Power has underpinned its commitment to supporting the renewable energy industry achieve cost parity with the appointment of Neil Douglas to the role of Director of Levelised Cost of Energy (LCoE)
The new role, Director of Levelised Cost of Energy (LCoE), has been created in response to market dynamics and Natural Power’s long term strategy to support clients in achieving their operational efficiency and competitiveness objectives.
Richard Walls, Commercial Director at Natural Power, said: “This is a key operational role in our three to five year business plan that will support our commercial direction. With a great blend of technical, due diligence and asset management experience gained over twenty years in the industry, Neil is ideally suited to help drive forwards our business in this area.”
The role will work across the entire Natural Power business in the UK and internationally throughout all sectors and phases in order to add value through advice and expertise.
Neil Douglas said: “Since 2014 Natural Power has been assessing and planning for the market changes in respect of driving the optimisation of renewables and infrastructure projects and the effective control of costs through the project life-cycle. This new role is to ensure that we can deliver services in a rapidly evolving international market for renewables and infrastructure. We will continue to innovate and help support and advise our clients with the LCoE backdrop of ensuring that low carbon energy technologies can compete in the wider energy market.”
What is the levelised cost of energy (LCoE)?
LCoE is a measure of a power source which attempts to compare different methods of electricity generation and is one of the utility industry’s primary metrics. It is an economic assessment of the average total cost to build and operate a power-generating asset over its lifetime divided by the total energy output of the asset over that lifetime. The LCoE can also be regarded as the minimum cost at which electricity must be sold in order to break even over the lifetime of the project.