A new solar power plant is being built in Chile that has some exciting outcome on the horizon. It's expected to provide enough energy, both day and night, to power up to 13,000 homes annually. Cox Energia of Spain has won a bid of 140 gigawatt-hours of generation at a rate of $34.40 per megawatt-hour. What does this mean in terms of the green energy revolution across the planet? This is the move that will make Chile one of the top renewable energy spots in the world.
One unique aspect of Cox Energia’s bid is that it includes supplying power at night. The company hasn’t announced how that will exactly happen, and it raises questions as the bid only covers solar photovoltaic cells. It’s anticipated that the company will be turning toward lithium-ion battery backup, which is already being used in a number of large-scale renewable energy solutions.
At the end of November, Tesla met their aggressive goal of creating a Powerpack facility in South Australia. 100 megawatts of capacity now back up the Hornsdale Wind Farm so it can provide more efficient energy to consumers. Batteries have become the preferred option due to how cheap that technology is becoming -- similar to solar.