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Solar - "one of the lowest rates ever for any kind of electricity, anywhere"
Solar Sold in Chile at Lowest Ever, Half Price of Coal
August 31, 2016
By Vanessa Dezem
...
The Spanish developer Solarpack Corp. Tecnologica won contracts to sell power from a 120-MW solar plant for $29.10 a MWh at an energy auction this month.
That’s the lowest price on record for electricity from sunshine, surpassing a deal in Dubai in May. It’s the cheapest to date for any kind of renewable energy, and was almost half the price of coal power sold in the same event. According to Solarpack General Director Inigo Malo de Molina, it’s one of the lowest rates ever for any kind of electricity, anywhere.
“Solar energy technology has evolved and proved it is competitive,” Molina said in a telephone interview from Santiago. “Prices for electricity generation have changed drastically in the last years. Solar energy in Chile is now the cheapest in the market.”
A key part of the low price is the ever-declining price for solar panels. The average price on the spot market declined this week to 44.7 cents a watt for standard polysilicon panels, a record low.
Ideal Location
The location for this particular power plant is also a factor, in northern Chile’s Atacama desert....
August 31, 2016
By Vanessa Dezem
...
The Spanish developer Solarpack Corp. Tecnologica won contracts to sell power from a 120-MW solar plant for $29.10 a MWh at an energy auction this month.
That’s the lowest price on record for electricity from sunshine, surpassing a deal in Dubai in May. It’s the cheapest to date for any kind of renewable energy, and was almost half the price of coal power sold in the same event. According to Solarpack General Director Inigo Malo de Molina, it’s one of the lowest rates ever for any kind of electricity, anywhere.
“Solar energy technology has evolved and proved it is competitive,” Molina said in a telephone interview from Santiago. “Prices for electricity generation have changed drastically in the last years. Solar energy in Chile is now the cheapest in the market.”
A key part of the low price is the ever-declining price for solar panels. The average price on the spot market declined this week to 44.7 cents a watt for standard polysilicon panels, a record low.
Ideal Location
The location for this particular power plant is also a factor, in northern Chile’s Atacama desert....
http://www.renewableenergyworld.com/articles/2016/08/solar-sold-in-chile-at-lowest-ever-half-price-of-coal.html
2 replies
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