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.
Labels: energy, environment
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While it's nice to hear about lower utility scale pricing in some of the world's most sunlit desert regions, I'm still eagerly looking forward to us crossing the threshold where home and business installations in less than ideal weather regions become cheaper than fossil fuels.
Let's hope it's soon, and let's hope we can quickly export it to places like Asia, before the tide permanently rises against us.
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