Friday, December 2, 2016
Prices for Solar Power Still Plunging
In September, Abu Dhabi Water and Electricity signed a contract to purchase solar power from a new plant at 2.42 cents/kwh. That's less than half the going price for natural gas power, and is in fact the the cheapest contract for electricity ever signed, anywhere on planet earth, using any technology. The previous record, also for solar power, lasted only five weeks.