The price of solar power just fell 50% in 16 months – Dubai at $.0299/kWh!

[nationalize the fed]

electrek.co | John Fitzgerald Weaver | May 1, 2016

Dubai received bid of $.0299/kWh for 800MW of solar power. This price represents the lowest yet recorded for solar power.

Dubai Electricity and Water Authority (DEWA) has received 5 bids from international organisations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park, said HE Saeed Mohammed AlTayer, MD & CEO of DEWA. The lowest recorded bid at the opening of the envelopes was US 2.99 cents per kilowatt hour. The next step in the bidding process will review the technical and commercial aspects of the bids to select the best one.

In the USA, in 2014 and with incentives, utility scale solar projects averaged $.05/kWh. On this bid alone, five companies bid below $.045/kW – without subsidies!

In 2015, we saw Dubai sign a deal at a fixed rate of $0.0584 cents over 25 years with no incentives. In the summer of 2015 Autin, TX received almost 1,300MW`of bids at under $.04/kWh. Shortly afterwards, we saw Berkshire Hathaway Inc.’s NV Energy agreed to pay $.0387/kWh for power from a 100-megawatt project that First Solar Inc. is developing. Lastly, just this month Enel Green power signed contracts for $.036/kWh in in Mexico and $.03/kWh in Morroco.

The price per kWh just fell 50% – and it did it in less than sixteen months...snip

...According to Ramez, we shouldn’t be hitting solar at $.03/kWh in the sunniest regions until the year 2030 and 3200GW of solar power (we happen to be closer to 240GW). The European are hoping to have $.02/kWh by 2050 in the sunniest places on the continent – I’m betting we beat the price.

We just lit up the record boards about 14 years early. Paging Ray Kurzweil! Paging Ray Kurzweil!
Full Article: http://electrek.co/2016/05/02/price-solar-power-fell-50-16-months-dubai-0299kwh/


How Cheap Can Solar Get? Very Cheap Indeed.



http://rameznaam.com/2015/08/10/how-cheap-can-solar-get-very-cheap-indeed/


3 cents kWh=$1.50 per Kg H2

[Fairgo]

1. This is heartening

I was just schooled at this website by a local expert who assured me that this was not possible

[Volaris]

2. Every walmart in America is a million square feet of mostly empty flat rooftop.

Panel ALL that shit. MAKE them do it. If they're going to exist, then some good can come of it, and not just cheaply made flat-screen televisions.

[Fairgo]

3. We have the technology, we have the minds, we have the money, we have the muscle...

The only thing missing is the will.

[Volaris]

4. Not sure how much longer that will be lacking...

People are starting to ask themselves why they should be paying an electric bill to a for profit utility company every month WHEN THEY DONT HAVE TO.
Once that number hits 51%, it's game over for Big Oil, and they damnwell know it.
Keeping people stupid is the only profit margin they have left.

[Fairgo]

5. Nailed it with that last line

soooo true

[mackdaddy]

7. Many Walmart stores, and all Walgreens stores are putting up Panels

In addition to the PV prices falling, and the power they are generating, they are finding other advantages.

First in the summer they are saving as much or more on air conditioning as the power they make. The panels with the air space under them shade the roof and greatly reduce the cooling load in the building.

Second this also help the flat roof membrane last longer, another lowering of building expenses.

I think every flat roof should have panels, and with these prices it will just be a matter of time. Sometimes greed does work for the greater good.

[Duppers]

6. Same here.

Amazing, isn't it?