Plunging Solar Prices
Auction shocks force a power-cost reset
By the numbers
drop in solar power costs over five months
drop in solar power costs over sixteen months
/kWh bid in the Dubai solar auction
~90% fall in solar costs over the past decade
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.
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