Record-low solar prices at Brazil’s latest auction have cast fresh spotlight on the industry’s global journey to cost-competitiveness, with experts arguing it further weakens the case of fossil fuels.
The average solar prices of BRL67.48/MWh (around US$17.5/MWh) at last Friday’s A-4 auction would make PV the “cheapest power from any technology ever…in the history of the planet assuming it is confirmed subsidy-free,” Michael Liebreich, founder of BloombergNEF, remarked after the results were published.
https://www.pv-tech.org/news/50886