In Chile, Spain’s Solarpack Corp. Tecnologica has installed the first panels at its Granja Sola plant. The plant is due online by the end of the year, at which point it will become the cheapest generator of electricity anywhere in the world.
According to Forbes, Earlier this year Solarpack won an auction to provide 123 megawatts (MW) of electricity at $29.10 per MWh, or $0.0291 per kWh at its Granja Sola plant. This breaks the current record held by Dubai’s Electricity and Water Authority (DEWA) which announced a deal earlier this year at $0.0299 per kWh.
While there has been increasing awareness of the strides made in cutting the cost of renewable energy technologies (solar for example has fallen 90% in cost over the last ten years), the argument is still often being made that coal is the cheapest form of generation. That is simply no longer true.
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Date: Jun 06, 2019 @ 10:52
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