Solar Cost Hits World's New Low, Half the Price of Coal
Chile awarded a contract to sell solar power for $29.10 per megawatt hour (MWh), the lowest ever across the planet.
This surpasses the record set in May of a $29.90 per MWh bid in Dubai for an 800 megawatt (MW) solar project.
"This is the lowest price ever seen, for any renewable technology," an analyst told Bloomberg. The low price is possible due to the rapid fall in cost of solar technology and the 12 MW solar plant's location in the ideal conditions of Chile's Atacama Desert.
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The move comes after regional authorities declared a state of emergency over the weekend after sightings of more than 50 bears in the town of Belushya Guba since December.
This year's letter from Bill and Melinda Gates focused on nine things that surprised them. For the Microsoft-cofounder, one thing he was surprised to learn was the massive amount of new buildings the planet should expect in the coming decades due to urban population growth.
"The number of buildings in the world is going to double by 2060. It's like we're going to build a new New York City every month for the next 40 years," he said.