Solar LCOE Europe | Levelized Cost of Energy 2026
This page presents solar LCOE Europe data for the main European markets. Values are expressed in €/MWh and cover three segments: utility-scale (>1 MW), commercial (100 kW-1 MW) and residential (<100 kW). Data is compiled from public sources (Lazard LCOE Analysis v17, IRENA Power Generation Costs 2025) and updated annually.
Country comparison (€/MWh)
| Country | Utility-scale | Commercial | Residential |
|---|---|---|---|
| Germany | 35-55 | 50-75 | 80-130 |
| France | 38-58 | 55-80 | 85-140 |
| Spain | 24-38 | 35-55 | 60-100 |
| Italy | 30-48 | 42-65 | 70-115 |
| Netherlands | 40-60 | 55-80 | 85-135 |
| Poland | 35-52 | 48-70 | 75-120 |
| Portugal | 22-36 | 33-52 | 55-95 |
| Greece | 25-40 | 36-56 | 60-100 |
| Austria | 38-56 | 52-76 | 82-130 |
| Belgium | 42-62 | 58-82 | 88-140 |
Last updated : Mars 2026. Indicative values, ranges per segment.
Methodology & Sources
Data presented comes from public and institutional sources. Ranges reflect variability by country, project size and local conditions. Values do not constitute investment recommendations. Main sources: Lazard LCOE Analysis v17, IRENA Power Generation Costs 2025, Fraunhofer ISE LCOE Study 2025, JRC Science for Policy Report.
FAQ
What is solar LCOE?
LCOE (Levelized Cost of Energy) is the discounted cost of energy produced over the lifetime of a solar installation. It integrates CAPEX, OPEX, yield and discount rate.
Which countries have the lowest solar LCOE in Europe?
Spain and Portugal show the lowest values in Europe thanks to high irradiation, competitive labor costs and a mature market.
How is solar LCOE evolving in Europe?
The trend is generally downward thanks to economies of scale, technological improvement and increased competition. The decline is more pronounced in the utility-scale segment.
What are the data sources?
Data comes from Lazard LCOE Analysis v17, IRENA Power Generation Costs 2025, Fraunhofer ISE LCOE Study 2025, JRC Science for Policy Report. All sources are public and verifiable.
How often is the data updated?
Data is updated annually (Q1) from institutional source publications.