Renewables remain the most cost-competitive form of new-build power generation on an unsubsidised basis despite rising costs across all generation technologies, according to <a href="https://www.lazard.com/media/kcfconhf/lazards-lcoeplus_vf.pdf?_gl=1*113j2ix*_up*MQ..*_ga*Nzg2MjM2Nzk2LjE3ODQxMDk4ODM.*_ga_K3JH1E8DGM*czE3ODQxMDk4ODIkbzEkZzAkdDE3ODQxMDk4ODIkajYwJGwwJGgw" target="_blank">Lazard's 2026 Levelized Cost of Energy+ (LCOE+)</a> report.