Solar is back in the headlines as auction results and market reports show another wave of steep price declines, rattling utilities and investors. With bids as low as 2.99¢/kWh and reported drops of 25% in five months and 50% in 16 months, planners are scrambling to rewrite forecasts and accelerate projects.
- 25% drop in solar power costs over five months
- 50% drop in solar power costs over sixteen months
- 2.99¢/kWh bid in the Dubai solar auction
- About 90% fall in solar costs over the past decade
