The headline news – long awaited by renewable enthusiasts – is based on a number of recent competitive auctions in sunny deserts of Chile and the Middle East resulting in record-cheap solar prices. (Read the fine print for details of when, where and under what conditions this applies.)
According to the latest data from Bloomberg New Energy Finance (BNEF), unsubsidized large-scale solar is beginning to beat not only wind but also coal and natural gas at current prices.
