Solar Cost Hits World’s New Low, Half the Price of Coal

Chile awarded a contract to sell

solar power

for $29.10 per megawatt hour (MWh), the lowest ever across the planet.


ACERA

This surpasses the record set in May of a

$29.90 per MWh bid

in Dubai for an 800 megawatt (MW) solar project.

“This is the lowest price ever seen, for any

renewable technology

,” an analyst told Bloomberg. The low price is possible due to the rapid fall in cost of solar technology and the 12 MW solar plant’s location in the ideal conditions of Chile’s Atacama Desert.

/res/community/twitter_embed/?iframe_id=twitter-embed-742142196850266112&created_ts=1465775462.0&screen_name=ClimateReality&text=Wow.+Chile+is+producing+so+much+solar+energy+that+it%E2%80%99s+giving+electricity+away+for+freehttps%3A%2F%2Ft.co%2Fi4yNqvu97N+https%3A%2F%2Ft.co%2FYucBodlpEP&id=742142196850266112&name=Climate+Reality


For a deeper dive:


News:


Bloomberg

,

BusinessGreen

,

SeeNews Renewables


For more

climate change

and

clean energy

news, you can follow Climate Nexus on

Twitter

and

Facebook

, and sign up for daily

Hot News

.


Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s