1. SolarReserve Bids 24-Hour Solar at 6.3 Cents in Chile

    SolarReserve Bids 24-Hour Solar at 6.3 Cents in Chile

    In Chile’s last auction for power, SolarReserve bid a world-record-breaking low price at just 6.3 cents per kWh ($63/MWh) for dispatchable 24-hour solar. SolarReserve’s CSP technology with integrated thermal storage provides 24-hour solar power, and is ideally suited for Chile’s grid with round-the-clock power needs due to its huge mining industry. To bid 24-hour solar at 6.3 cents per kWh is a world record for CSP (Concentrated Solar Power), a form of solar utilizing heat from the sun that can be stored thermally. Chile has open auctions for both fossil energy and renewables, and no subsidies.

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