Friday, October 20, 2017

Solar is the cheapest electricity ever in any technology

And this is the unsubsidized version.

"In April 2016, Bloomberg New Energy Finance (BNEF) reported that the record low unsubsidized solar energy price was 3.6 cents per kilowatt-hour (kWh), in a March 2016 contract in Mexico. This month, every single bid that Saudi Arabia received for its 300-Megawatt (MW) Sakaka solar project was cheaper than that. The lowest bid price was 1.79 cents/kWh. For context, the average residential price for electricity in the United States is more than six times that, 12 cents/kWh."

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