World’s cheapest Solar Power to be generated in Mexico
Mexico is on track to generate the world’s cheapest solar power — with prices as low as 1.77¢/kWh, according to Mexico’s Centro Nacional de Control de Energía (Cenace). Mexico’s Department of Energy recently announced the companies selected to complete new renewable power projects, and the rates at which this electricity will be sold. The lowest price for solar in Mexico has been set just below that of Saudi Arabia at 1.77¢/kWh, and is expected to continue to decrease to 1¢/kWh in 2019 or sooner. In this most recent bidding round, 15 bids from eight solar and wind energy companies, including Canadian Solar, ENEL Green Power, and Mitsui, were approved in a sign that Mexico’s renewable surge is not slowing down.
From our very good friends over at inhabitat.com