Solar Delivers Cheapest Electricity ‘Ever, Anywhere, By Any Technology’

Chile has just contracted for the cheapest unsubsidized power plant in the world, Bloomberg New Energy Finance (BNEF) reports. In last week’s energy auction, Chile accepted a bid from Spanish developer Solarpack Corp. Tecnologica for 120 megawatts of solar at the stunning price of $29.10 per MWh (2.91 cents per kilowatt-hour or kWh). This beats the 2.99 cents/kWh bid Dubai received recently for 800 Megawatts. For context, average residential price for electricity in the United States is 12 cents per kilowatt-hour.

>more> ThinkProgress

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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