Thursday, December 11, 2014

Solar: $2.5 - $3 Million / MW Electricity Vs $900K MW Electricity Produced By Natural Gas -- December 11, 2014

GE  is going to make a gazillion dollars building a solar farm in Japan. Link here. When you get to that story, remember:

From an August 25, 2014, post, this is 30-second sound bite for "cost of renewable megawatt":
  • Solar: $3 million / MW
  • Wind: $2.5 million / MW
  • Natural gas: $865,000 / MW
I like these stories -- the GE story about building a solar farm in Japan -- because it provides a glimpse of what renewables cost compared to natural gas and coal.

In this case, the GE solar farm in Japan will cost $109 million for 42 MW = $2.5 million / MW of solar energy. Compare to natural gas at about $900K / MW.

Whatever.