Solar power cheaper than coal in Chile
http://www.themanufacturer.com/articles/green-energy-boom-leads-solar-companies-to-clean-up-at-chiles-energy-auction/[font face=Serif][font size=5]Solar power cheaper than coal in Chile[/font]
Posted on 24 Feb 2016 by Aiden Burgess
[font size=4]Renewable companies clean up at Chiles energy auction.[/font]
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All of the bids for wind projects came in at between $78-$95 per MWh, with solar bids coming in as low as $65 per MWh.
First Solar, through project company SCB II SpA, won a 20-year contract to supply 88GWh annually, while fellow renewable energy company Solarpack, through its subsidiary Amunche Solar SpA, won a 20 year contract to supply 100 Gwh annually.
First Solars bids came in at between US$67-68 per MWh, while Solarpacks were $65 per MWh.
These bids were considerably lower than their other power industry competitors, with coal power bidding at $85 per MWh and wind farms bidding at $79 per MWh.
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