What is the Levelized Cost of Energy (LCOE) used for in renewable energy project analysis?
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A
Calculating the total installed weight of all energy generation equipment
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B
Comparing the lifetime cost-competitiveness of different energy technologies on a per-kWh basis
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C
Measuring the levelized carbon dioxide emissions per megawatt-hour of generation
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D
Determining the optimum tilt angle and azimuth for a solar array at a given latitude