Renewable Energy Prices Predicted to Hit an All Time Low
According to Rocky Mountain Institute, a non-profit research and consulting organization, a 3-megawatt installation project located in New Mexico is projected to come online in March. It will sell electricity to the Otero County under a 25 year power purchase agreement for 4.5 cents per kilowatt. Over a seven year period the levelized cost of electricity from utility-scale solar projects has plummeted 73% to 10 cents per kWh. The International Renewable Energy Agency (IRENA)