Cheapest electricity on the planet is Mexican solar power at 1.77¢/kWh – record 1¢/kWh coming in 2019, sooner

Per a press release from the Centro Nacional de Control de Energía (Cenace) of Mexico, the department received bids for 3TWh of solar electricity, with the lowest bids being 1.77¢/kWh coming from Italian multinational ENEL Green Power. This record low price of electricity on earth, just beats out the 1.79¢/kWh from Saudi Arabia, and is part of a pattern marching toward 1¢/kWh bids that are coming in 2019 (or sooner).

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