Wednesday 24 August 2016

New record global low price for solar in Chile

The price of solar in Chile has hit a record global low in an energy auction.

The government has awarded a contract to sell solar energy at $29.1/MWh (£21.8/MWh).

That undercuts the previous record set by a solar plant in Dubai at $29.9/MWh (£22.4/MWh).

Spanish firm Solarpack won the bid and will built a 120MW solar farm in Tarapaca.

The project is scheduled to be operating by 2019.

Pablo Burgos from Solarpack said: "This tender, in addition to reaffirming the commitment of Solarpack with Chile, also demonstrates the competitiveness of Solarpack and solar energy at offering the best price among the bidding companies."