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Solar Just Hit a Record Low Price In the U.S.
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| Contributor | RP |
| Last Edited | RP Jun 14, 2018 04:30pm |
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| Category | Report |
| Author | Brian Kahn |
| News Date | Friday, June 15, 2018 05:30:00 AM UTC0:0 |
| Description | Even Donald Trump’s solar tariffs and desire to prop up the coal industry can’t stop renewable energy. A solar auction in Nevada just yielded the cheapest solar project in the country.
It broke a record that was set [checks calendar] last week. Not only that, the price the plant will operate at is cheaper than new natural gas and coal plants. While the sunny weather in Nevada and federal tax credits certainly play a role, it’s also part of a clear trend of solar power becoming cost-competitive with and even starting to beat fossil fuels.
“On their face, they’re less than a third the price of building a new coal or natural gas power plant,” Ramez Naam, an energy expert and lecturer at Singularity University, told Earther in an email. “In fact, building these plants is cheaper than just operating an existing coal or natural gas plant.” |
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