Solar power now cheaper than coal

The cost of putting up a solar farm dramatically went down from $2.5 million per megawatt (MW) to $1 and now technology with batteries would make the solar cheaper than coal, a renewable energy advocate said.

“Without even factoring in environmental externalities, based purely on direct cost, Solar-plus Storage is already cheaper than coal, and especially cheaper than diesel and gas,” Solar Philippines President Leandro Leviste said on Tuesday.