August 19 (SeeNews) - The power supply auction in Chile, completed Wednesday, got one solar bid of just USD 29.1 (EUR 25.65) per MWh by the Maria Elena photovoltaic (PV) park.
That bid marks the lowest level for solar globally, followed by the USD 29.9 per MWh offer for the 800-MW third phase of a 5-GW solar power complex in Dubai. An auction in Mexico also brought very competitive solar bids in March, with the lowest being of USD 35.44 per MWh.
Maria Elena Solar SA competed in supply block 2-B, for a contract to supply power during the day from the start of 2021 till December 31, 2040. Total of 84 companies bid for 20-year power purchase contracts, with about 40% of the awards going for wind farms.
This was touted as the most competitive electricity tender in Chile's history, resulting in an average price of the contracted power of USD 47.6 per MWh.
(USD 1 = EUR 0.881)