For the first time, the price of solar power in Chile hit a record low of $29.10 per megawatt hour (MWh) in an energy auction last week. Spanish developer Solarpack Corp Tecnologica won the contracts, which mark a record low price for solar power on a global scale, and a rate almost half the price of coal power at the same auction. With solar technology becoming ever more affordable, places with abundant sunshine will likely see contract prices continue to fall, leading to even more low-price records.

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