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Page added on May 10, 2016

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New Record Set for World’s Cheapest Solar Power

New Record Set for World’s Cheapest Solar Power thumbnail

10 years ago making solar power cheaper than coal seemed like a very long term goal. Now it is reality. I wonder if the dudes at Google who gave up on this goal feel a bit embarrassed now ?

Bloomberg reports that the developers bid as little as 2.99 cents a kilowatt-hour to develop 800 MW of solar power projects for the Dubai utility company – 15% below than the previous record set in Mexico. The lowest priced solar power has plunged around 50% in the past year – New Record Set for World’s Cheapest Solar, Now Undercutting Coal.

 Peak Energy by Big Gav



11 Comments on "New Record Set for World’s Cheapest Solar Power"

  1. Davy on Tue, 10th May 2016 6:46 am 

    Tell me how that is a good thing? We are bidding a very low price for oil now and the oil industry is going out of business. At a certain point economics of price from supply and demand loses touch with reality.

  2. makati1 on Tue, 10th May 2016 7:05 am 

    Hahahahaha… And it still requires oil to exist.

  3. Simon on Tue, 10th May 2016 7:06 am 

    Hi Davy

    This is an odd story. Basically they are saying that they want 29.9 (EUR/USD) per Mwh Guaranteed, this is cheap.
    The UK Cheap Nuclear are wanting 150 and in France 110 for a solar plant.

    So not actually to do with the day to day buying and selling of leccy.

    Simon

  4. Davy on Tue, 10th May 2016 7:25 am 

    Thanks, Simon, I guess my point is the attitude that lower is better is misplaced when it is the goldilocks range of what is healthy for both producers and consumers that must be maintained. If this vital activity range is not maintained we have demand and supply destruction. Capitalism likes to preach destructive renewal. They say industries will be destroyed with new industries will evolve. This process is always claimed to be an improvement. They call it innovation, efficiency, and progress. We see this especially with the fossil fuel industry and alternative energy. There is a point that destructive activities do not “create” in a finite world. We are there now.

  5. Kenz300 on Tue, 10th May 2016 9:15 am 

    The sooner we switch from FOSSIL FUELS to safer, cleaner and cheaper alternative energy sources like wind and solar the better.

    Climate Change is real….. we will all be impacted by it.

    Oil Giants Spend $115 Million A Year To Oppose Climate Policy

    http://www.huffingtonpost.com/entry/oil-companies-climate-policy_us_570bb841e4b0142232496d97

  6. dave thompson on Tue, 10th May 2016 11:20 am 

    The cost of solar panels has gone down due to lax environmental laws and cheap third world labor. The actual cost of owning and operating a PV system batteries included is still more expensive and polluting then burning the FF directly.https://damnthematrix.wordpress.com/2016/05/10/another-study-on-the-eroei-of-solar-pv/

  7. PracticalMaina on Tue, 10th May 2016 1:58 pm 

    Dave the first link you posted seemed to be an ad for Nuclear power that had figures that were pulled out of a nuke lobbyist ass. No way is the embodied energy in nuke almost 100x less than that of solar, if that were so than we would not have nuclear plants shutting down left and right, not being completed after spending billions. I can build a mount for a solar panel out of local wood, I can then use that dc power to directly power a dc system with minimal additional parts of the system or conversion losses, you cannot skimp on anything with nuclear power, and you will be consuming more energy to dry cask the waste over and over than you were ever able to generate. I linked an article a few days ago about up to 2 gigawatts of coal power going offline in Indiana, they are also considering shutting down multiple nuclear reactors in the area if they cannot keep the rate hike that the coal and nuke lobbyist want.

  8. dave thompson on Tue, 10th May 2016 5:45 pm 

    Small scale off grid benefits are numerous when it comes to solar power no doubt. Nukes are shutting down because of their age and maintenance costs. Nukes have never been cost effective, just in the fact that no private insurance Co. would ever write a policy for a nuke and what to do with the left over crap. There are no replacement energy sources that will do the work of FF.

  9. Harquebus on Tue, 10th May 2016 10:52 pm 

    More utopian tech babble to placate the masses.

    “despite a string of optimistic choices resulting in low values of energy investments, the ERoEI is significantly below 1. In other words, an electrical supply system based on today’s PV technologies cannot be termed an energy source, but rather a non-sustainable energy sink or a non-sustainable NET ENERGY LOSS.”
    https://collapseofindustrialcivilization.files.wordpress.com/2016/05/ferroni-y-hopkirk-2016-energy-return-on-energy-invested-eroei-for-photo.pdf

    There is also an environmental cost in Solar Pv manufacture.

    “Reckless dumping of industrial waste is everywhere in China. But what caught the attention of The Washington Post was that the Luoyang Zhonggui High-Technology Company was a “green energy” company producing polysilicon destined for solar energy panels sold around the world.”
    “Polysilicon production produces about four tons of silicon tetrachloride liquid waste for every ton of polysilicon produced.”
    http://www.truth-out.org/news/item/31478-china-s-communist-capitalist-ecological-apocalypse

  10. Kenz300 on Thu, 12th May 2016 7:15 am 

    The transition away from fossil fuels continues……..

    100% electric transportation and 100% solar by 2030

    https://www.youtube.com/watch?v=RBkND76J91k

    The oil companies and the auto companies need to get their collective heads out of the sand and realize that the world is changing with or without them. Climate Change is real….. it will impact all of us…

    It is time to move away from fossil fuels and embrace alternative energy sources like wind, solar, wave energy, geothermal and second generation biofuels made from algae, cellulose and waste.

    They need to change their business models and move from being OIL companies to ENERGY companies. The auto industry needs to move from just building compliance vehicles to embracing electric vehicles and start putting development and advertising behind them..

    The world is moving to embrace alternative energy sources…….. the fossil fuel companies can transform themselves into “energy” companies or they can die a slow death.

    As Climate Change impacts more people there will be a bigger backlash against fossil fuels.

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