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Dubai Shatters Solar Price Records Worldwide — Lowest Ever!
http://cleantechnica.com/2014/11/29/dubai-shatters-solar-tariff-records-worldwide-lowest-ever/[font face=Serif][font size=5]Dubai Shatters Solar Price Records Worldwide — Lowest Ever![/font]
November 29th, 2014 by Anand Upadhyay
[font size=3]What a year this has turned out to be. To be honest, everyone expected solar to grow at a “good” pace. But the sector has outdone most expectations — taking the fight to the fossil camp at every possible chance.
Here’s a quick recap before we delve into the big news. The year started with Recurrent Energy signing up a deal to sell solar electricity for 5 cents/kWh in Austin, Texas, without any support from the state. Even after accounting for the federal tax credit, the actual price would have been just about 7 cents/kWh. Later this year, in just a few weeks from each other, India and then Brazil announced low-cost solar power — within a band of 8–10.3 cents/kWh. This was without any subsidy whatsoever.
It’s hardly been a month since the previous announcements, so how much south would you think the solar prices would go? Well, the exact number is 5.98 cents/kWh, and the venue for this magic is Dubai. Without any “government support.”
The unsubsidised prices (that’s a plural, for there is more than one) bid in a commercial setting go on to show that the time has come for rapid expansion of solar in the Middle East.
…[/font][/font]
November 29th, 2014 by Anand Upadhyay
[font size=3]What a year this has turned out to be. To be honest, everyone expected solar to grow at a “good” pace. But the sector has outdone most expectations — taking the fight to the fossil camp at every possible chance.
Here’s a quick recap before we delve into the big news. The year started with Recurrent Energy signing up a deal to sell solar electricity for 5 cents/kWh in Austin, Texas, without any support from the state. Even after accounting for the federal tax credit, the actual price would have been just about 7 cents/kWh. Later this year, in just a few weeks from each other, India and then Brazil announced low-cost solar power — within a band of 8–10.3 cents/kWh. This was without any subsidy whatsoever.
It’s hardly been a month since the previous announcements, so how much south would you think the solar prices would go? Well, the exact number is 5.98 cents/kWh, and the venue for this magic is Dubai. Without any “government support.”
The unsubsidised prices (that’s a plural, for there is more than one) bid in a commercial setting go on to show that the time has come for rapid expansion of solar in the Middle East.
…[/font][/font]