In last week’s energy auction, Chile accepted a bid from Spanish developer Solarpack Corp. Tecnologica for 120 megawatts of solar at the stunning price of $29.10 per megawatt-hour (2.91 cents per kilowatt-hour or kwh). This beats the 2.99 cents/kwh bid Dubai received recently for 800 megawatts. For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.
Chile is aided by the fact that its Atacama desert is “the region with the highest solar radiation on the planet,” according to the Inter-American Development Bank. So much solar is being built in the high-altitude desert that Northern Chile can’t use it all, and the government is rushing to build new transmission lines.
https://thinkprogress.org/solar-delivers-cheapest-electricity-ever-anywhere-by-any-technology-c2ef759ac33f#.g8ylvvet9
http://www.projectrho.com/public_html/rocket/stellarempire.php#id--Other_Thoughts--On_Energy
ReplyDeleteThe bottom line in Homer-Dixon’s theory is this: Everything that Americans understand as "wealth" under the current paradigm comes from oil.
Which makes me think that the wealthy
(whose wealth is based on oil) are going to be hostile to anything that devalues oil.