Chile power auction sets new record-low price for solar

A new record low price for solar power has been achieved in Chile’s latest electricity auction.
By Staff reporter 8 November 2017 0 28299

A new record low price for solar power has been achieved in Chile’s latest electricity auction, with one bid by Enel’s local unit coming in at just $21.48/MWh, according to RenewEconomy.

This beats the previous record low of $24.20/MWh set in the United Arab Emirates earlier this year, the website reported.

Northern Chile has added significant renewable power capacity in recent years, which will result in increased gas demand for back-up during periods of low solar generation, Matias Vidal, commercial manager at Engie-controlled GNL Mejillones,

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