see perhaps unprecedented inverse delta between wind and solar. Solar tracking to LCOE outperform all fossil and all other renewables but hydro

6.11.2015: An analysis of the results of Chile's recent power auction conducted by experts of Deutsche Bank has showed that solar and wind power are currently the cheapest source of electricity in the country. Renewable energy projects, in fact, won 100% of the tendered contracts for the supply of 1,200 GWh. According to Deutsche Bank, three solar parks offered to sell power between $65 and $68 per MWh, two wind farms bid a price of $79 per MWh, while the price offered for coal power projects was of $97 per MWh. The company, however, believes that Chile will install only 500 MW of PV power in 2016 and 400 MW in 2017. This would be a considerable decrease from this year, when over 1 GW of PV capacity is expected to be installed in the country. Deutsche Bank experts said that, although Chile has approved several gigawatts of PV projects over the past years, many of these projects are unlikely to get built until the transmission lines get fixed © PHOTON

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com