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| The cost of solar power has dropped 25% in just five months. |
In just 5 months, the cost of solar went down 25% as shown
by two recent construction bids for solar projects in China and Abu Dhabi. On
August 11, a bid of $0.46/W was put forward to build 500 megawatts of solar
power in China and on September 19 a record low bid of $0.023/kW was submitted
for 1.2 gigawatts of solar power in Abu Dhabi.
China and Abu Dhabi are not the only places in the world
seeing dramatic changes in the cost of solar. A 100 megawatt solar project in
Nevada recently submitted for approval would deliver electricity at $0.04 /kWh.
That is the lowest price ever presented or seen from a US solar farm and much
lower than the price of electricity for a new nuclear, coal or natural gas
power plant.
Read the Solar Trust
Centre story - “The Cost of Solar Power has 25% decrease in Just 5 months.”
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