Cracking the two-cent-mark as a global standard for PV appears within sight as projects in the U.S. and Brazil have been signed below that threshold. Just two years ago the industry celebrated sub-three-cent bids in the MENA region. Prices have come down so quickly, however, the new records are another third cheaper.
This is one of the lower PPAs reported for solar projects in service in the United States; however PPAs are now being signed for much lower prices.
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