Prices for new solar power projects are falling so fast that the cheapest prices from 2016 have become the ceiling price for solar today.
In April 2016, Bloomberg New Energy Finance (BNEF) reported that the record low unsubsidized solar energy price was 3.6 cents per kilowatt-hour (kWh), in a March 2016 contract in Mexico.
This month, every single bid that Saudi Arabia received for its 300-Megawatt (MW) Sakaka solar project was cheaper than that.
