Dubai announced June 27 that it would build a massive 800-megawatt solar plant that will produce electricity at an average cost of 2.99 cents a kilowatt hour. This rock-bottom price offered by the developers doesn’t benefit from any obvious subsidies and is the lowest price offered by any solar plant in the world. PV panels convert sunlight directly into electricity. This project suggest that there is a lot of potential in the tried-and-true PV panel model.
http://www.forbes.com/sites/mclifford/2016/06/29/cheaper-than-coal-dubai-to-build-worlds-lowest-cost-solar-plant/#573863bc2a34
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