ReNew Economy has a look at the ever decreasing price of solar power - US solar PV prices hit “all-time low”, at rooftop and utility-scale.
Solar PV prices hit a new “all-time low” in the US in 2015, a new report has revealed, with some residential systems installed for as little as $3.30/W, and the cheapest utility-scale PV coming in below $1.60/W, while four out of five regions had PPA prices of less that $50/MWh.
RNE also notes that solar PV prices have hit a record low in Chile - Solar PV strikes new record low in Chile.
The solar PV cost reduction spiral reached its lowest point yet at an auction in Chile last week where Spanish developer Solarpack Tecnologica won contracts to sell power from a solar plant high in the Andes for $29.10/MWh. The 120MW plant to be built in Chile’s sunny Atacama desert surpassed the previous record-low for solar PV brokered in Dubai in May, and was priced at almost half the cost of coal power in the same event.