Solar power is being bid “ below expectations ” warn some experts , after last month ’s auctions in 2008 , where the average solar price was $ 45 / MWh . Fears are the price for solar has been driven so low that renewable energy projects have become unfeasible - as happened after the 2012 Brazil wind power auction . However , Mexico ’s peso devaluation and solid links with the US and Canadian markets have begun feeling more positive . Mohit Anand , senior analyst at GTM ##et , told Recharge : “ Solar has certainly made a mark on Latin energy and what we see now is just the tip of the iceberg " .
Solar power is being bid “below cost” warn some experts, after last month’s auctions in Mexico, where the average solar price was $45/MWh. Fears are the price for solar has been driven so low that renewable energy projects will become unfeasible - as happened after the 2012 Brazil wind power auction. However, Mexico’s peso devaluation and solid links with the US and Canadian markets have others feeling more positive. Mohit Anand, senior analyst at GTM Research, told Recharge: “Solar has certainly made a mark on Latin America and what we see now is just the tip of the iceberg".