falling price for PV

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Cost of Renewable Energy Continues to Fall

Wind and solar projects now offer electricity at prices that conventional plants can't match

Posted on Feb 8 2018 by Scott Gibson

In an energy auction in Mexico last fall, the Italian energy conglomerate ENEL was reported to have submitted the lowest ever bid for supplying solar electricity — just $17.70 per megawatt hour, or 1.77 cents per kilowatt hour. It turns out the bid actually was for wind-generated power, not solar, but the initial reporting error didn't change the underlying fact: the cost of both wind and solar electricity is sinking fast.

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Image Credits:

  1. Brookhaven National Lab via Flickr

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