2015 is shaping up to be a big year for the development of huge, hybrid solar power plants – the mega solar complexes that combine solar PV with solar towers and storage, and which are tipped to compete, soon, with baseload fossil fuels on both price and energy supply. Big projects are planned for Saudi Arabia, South Africa, Chile, and Morocco. The South Africa project is completely unsubsidised. It is 20 per cent lower than what has been achieved so far, and 30 per cent below gas fired generation.
It is projects like these that will bring solar power directly into competition with baseload fossil fuels, making them not just cheaper than coal and gas, but just as reliable, cleaner – and without fuel price volatility.
Renew Economy: 29 May 2015