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New record global low price for solar in Chile

Posted at August 24, 2016 » By : » Categories : News » Comments Off on New record global low price for solar in Chile

New record global low price for solar in Chile


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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.”


Article source: http://www.energylivenews.com/2016/08/24/new-record-global-low-price-for-solar-in-chile/

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