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Solar at 2.99 cents/kWh May 5, 2016

Posted by Maury Markowitz in Uncategorized.
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Down, down, and away!

I guess this is starting to sound a little repetitive, but yet another record has been set for solar PV – at a whopping 2.99 cents/kWh, well down into the range of unfiltered coal plants or high-quality hydro. Now again, this is in┬áDubai, which tends to be sunny, but, again, that’s like complaining we built hydro where there’s a river.

Now you might want to dismiss this number because it’s┬áDubai. But only last month another contract was signed at 3.45/kWh in Mexico, and it was only a few months ago that everyone was stunned by the Saudi and Nevada numbers at 5.85. That means the price has fallen almost 50% in the last year.

Now whether this is simply because of a temporary oversupply situation in China I can’t say, but it doesn’t make a difference. Solar is now cheaper than coal, and from here out, always will be. Welcome to that future everyone was talking about in the 70’s.

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