22 Aug '16, 1pm

Chiles solar price hits record global low - at half the price of coal

Chiles solar price hits record global low - at half the price of coal

Aside from the plummeting cost of equipment, renewable energy developers were inspired to make historically low bids because of the broad scope of potential of the Chilean solar farm in question. The government there plans to install new infrastructure to connect the solar power farm to the nationwide grid , which is an early indication that renewable sources could eventually edge out fossil fuels. Solarpack’s record low bid at last Wednesday’s auction was just one of many significant energy deals, as the auction was one of the largest ever held in Chile. Contracts were awarded to vendors promising to provide 12,430 gigawatt hours each year, which accounts for roughly one-third the country’s grid customers. On average, prices dropped 40 percent compared to a similar energy auction last year, suggesting that the energy industry in Chile is more competitive than ever.

Full article: http://inhabitat.com/chiles-solar-price-hits-record-globa...

Comments

  1. 23 Aug '16, 5am

    Avery . I just agree... Clara `s st0rry is impossible... on saturday I bought a new Mercedes after bringing in $9193 this last five weeks and even more than 10-k this past-month . without a doubt it is the best-work I've ever done . I actually started five months/ago and almost straight away was earning more than $71 per-hour .
    ,.............. http://www.factoryofincome.com

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