Solar Could Beat Coal to Become the Cheapest Power on Earth

Jessica Shankleman  and Chris Martin for Bloomberg:  Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere.

In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power. Now, Saudi Arabia, Jordan and Mexico are planning auctions and tenders for this year, aiming to drop prices even further. Taking advantage: Companies such as Italy’s Enel SpA and Dublin’s Mainstream Renewable Power, who gained experienced in Europe and now seek new markets abroad as subsidies dry up at home.

Since 2009, solar prices are down 62 percent, with every part of the supply chain trimming costs. That’s help cut risk premiums on bank loans, and pushed manufacturing capacity to record levels. By 2025, solar may be cheaper than using coal on average globally, according to Bloomberg New Energy Finance.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Kipp & Zonen - Smart SMP Pyranometers

Kipp & Zonen - Smart SMP Pyranometers

Equipped with an extremely low power, smart interface the Smart SMP pyranometers offer industry standard digital and amplified analog outputs within the well-known CMP series housings. The output range is programmed so that all SMP pyranometers have identical sensitivities, allowing easy installation and exchange for recalibration. Serial communication allows access to measurement data, instrument status, operating parameters and calibration history. Building on the proven CMP Series design and technology that is used around the world, the new SMP pyranometers add digital signal processing and interfaces optimised for industrial data acquisition and control systems.