SunEdison solar farm to deliver power at $US85 per megawatt-hour

SunEdison has now proved that the low power prices for large-scale solar power achieved in India and Brazil were no fluke, contracting to build 350MW in Chile. It will have all the competing technologies such as wind, gas and nuclear feeling decidedly uncomfortable.

US solar PV manufacturer SunEdison has been awarded two 15-year contracts to supply 190 gigawatt-hours to Chile's central SIC grid by 2016 at $US89 per megawatt-hour and another for 350GWh by 2017 at $US85/MWh.

The prices for the two projects are free from any additional subsidies. Such prices suggest that given high solar radiation (such as in Australia), the technology is now competitive with wind and gas power at utility scale. Also, given expected future cost reductions in manufacturing of solar PV modules the technology is likely to be cheaper than these competing options within five to 10 years.

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