Wind And Solar Prices Continue To Fall

12 Jan 2018   Solar, Wind

The green energy company Xcel Energy reported low bids on orders for wind and solar installations with storage in 2016. Bids for wind energy alone stood at just $18.10/MWh, which is considered a record low for the industry. This median price garnered orders worth 17,380 MW, according to the company’s figures. Wind and solar energy orders, with storage, saw the lowest bid values, with the median bid at $30.60 for a total of 4,048 MWh worth of projects. “The response to this Solicitation is unprecedented with over 430 total individual proposals (238 total projects) received from bidders,” the company said in a statement. “Over 350 of these individual proposals are renewable energy proposals or renewable energy with storage proposals.” The string of low prices in the wind and solar sectors illustrates the potential that renewables have to replace coal, oil, and natural gas in the global energy supply mix. […]

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