Abu Dhabi bid sets astounding new low price for solar power
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Just one month after the price of solar power in Chile dropped to half the cost of coal, a new record low price has already been established. A solar plant in Abu Dhabi fetched a bid of just 2.42 cents per kilowatt hour, edging out Chile’s previous record of 2.91 cents. The new price, offered by a consortium of Chinese solar panel manufacturer JinkoSolar and Japan-based company Marubeni, is for a solar plant initially planned for a capacity of 350 megawatts (twice the size of the Chilean project),...