The price of solar power drops to an incredible new low (again)

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A new record low price for solar project bids has been reached, making it the second time this month that previous cost barriers were shattered. This time, the news comes from NV Energy, a Berkshire Hathaway-owned utility company serving the state of Nevada. The utility has signed a PPA to purchase electricity from the 100 MW Playa Solar 2 power plant at the amazingly low price of $0.0387/kWh. This beats the previous record set just a few weeks ago in Austin, Texas, by just a fraction of a penny per kWh. What’s clear is that, as competition heats up to provide less expensive solar power to the grid, we’re looking at a greener future.

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