Company that offered cheapest solar sees prices falling more The company that sold solar power at a record low in Chile in August sees prices going down even more at the country’s next energy auction in October. The Spanish developer won contracts in August to sell solar power for $29.10 a megawatt-hour, at the time the cheapest in the world. Since then panel prices have continued to decline while the technology has become more efficient. A September auction in Abu Dhabi set a new record of $24.20. The results changed the face of the Chilean energy market and took people by surprise, even government officials. The bids also raised concerns that electricity generators may struggle to finance their projects, but Solarpack says banks trust them and low prices are here to stay. See http://ift.tt/2nAqppx
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