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New record low for solar PV in Chile energy auction

Renew Economy 7th Nov 2017, The latest energy auction in Chile has set a new record low for solar PV,
with one bid by the local subsidiary of Italian outfit, Enel, coming in at
just $US21.48/MWh The result beats the previous record low of $US24.20 set
in the United Arab Emirates earlier this year, although it could be beaten
by Saudi Arabia’s first auction, should the early results of a tender
that secured an offer of $US17.90/MWh be verified later this month. Either
way, the Chile government is happy with the result, which secured an
average price of $US32.5/MWh for 600MW of solar and wind capacity, expected
to produce around 2,200GWh. This is a 75 per cent fall since its auction
program began in 2015. The Chile government says it will mean consumer
prices fall by nearly 50 per cent once all the new projects are completed
and online in 2024.
http://reneweconomy.com.au/chile-solar-auction-sets-new-record-low-for-solar-pv-85114/

November 8, 2017 - Posted by Christina Macpherson | business and costs, renewable, SOUTH AMERICA