solar panel with sunset view

Solar Power is Now the Cheapest Form of Energy in Almost 60 Countries

Solar power has been verified as the cheapest source of new energy in lower-income countries, allowing corporations and governments to prioritize it compared to coal and gas for renewable sources.

According to Bloomberg New Energy Finance (BNEF) in 2016, the average price of solar energy in almost 60 countries dropped to US$1.65 million per megawatt while placed first is the wind at US$1.66 million per megawatt. The cost of solar power depends on the availability of sunshine, energy contracts that are in place and government subsidies, since it is still not the cheapest source around the world.

The service has been expanding due to its dropping costs of equipment, growing investment and business corporations like Solarvest that provides top-notch installation proves on the solar PV system. Solarvest, the leader in the Malaysian solar power business offers full-service on small scale to large-scale projects.

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