[bryanlarsen]

Seems reasonable. I'll have to dig up my source to double check. Maybe they just didn't have Iceland data in their set? It's certainly a surprising result to see other non-sunny places like the UK, Germany, Norway & Sweden have solar as their cheapest energy source.

[kragen]

It's hard to get really solid estimates for solar costs because they've been dropping so precipitously, and because they depend on so many ancillary factors: wiring, inspections, permitting, power electronics, storage, and so on. Getting solid estimates for solar return on investment is even harder, because it depends on the future price of energy.

[bryanlarsen]

Yes, it's certainly possible that Iceland is better for solar than Finland not because of its sunlight, but because of those myriad extra factors.

[hulium]

I think Finland just has a large enough extent from south to north that solar might be starting to become viable in the south but not in the north. While Iceland already produces more electricity per capita than any other country, using only hydro and geothermal, so solar is pretty much non-existent.

Comparison of solar share:

https://ourworldindata.org/grapher/solar-share-energy?tab=li...

Solar potential:

https://en.wikipedia.org/wiki/Energy_in_Iceland#/media/File:...

[ponector]

I'm sure there is no sense in solar energy in Iceland due to strong winds there as well as geothermal energy.

It's sad they are building gas-powered data centers in US instead of powered by renewables in Iceland.

[kragen]

Windmills can be surprisingly expensive. https://www.eia.gov/analysis/studies/powerplants/capitalcost... is not up-to-date, but I think the windmill prices in it have changed a lot less than the solar prices; the 200 MW onshore project they price out there comes to US$1265/kW (US$1.27/W), of which something like 61% is the windmills themselves. Low-cost photovoltaic solar modules currently cost €0.055/W (US$0.065/W), lower by more than an order of magnitude https://www.solarserver.de/photovoltaik-preis-pv-modul-preis....

So, at equal cost, the alternative to a megawatt of windmills may not be a megawatt of solar panels, but 10 megawatts of solar panels. And that can compensate for their lower capacity factor.

I don't think people are building gas-powered data centers in the US. There's a data center crunch in the US because people aren't building them because they can't get the power because of the US's anti-renewable-energy policies.

[ponector]

Difference is massive, but price of land should be also accounted for. Solar uses 5 times more land per MW.

The solution is to develop everything, all kinds of renewables.

[kragen]

Even the EIA-commissioned study I linked doesn't include that, but it is a potentially significant cost. If we take the median price of US$4702 per Texas "acre" from https://texasfarmcredit.com/resources/texas-land-pricing-gui... it works out to US$1.16/m². At 30° latitude your panels provide about 0.86 square meters of panel per square meter of land, or more like 0.3 with trackers, so the land price is on the order of US$3/m². A square meter is nominally a kilowatt of sunlight, so that's US$0.003/W of sunlight, but mainstream panels are usually only around 21% efficient, so it's more like US$0.015/Wp. Historically this has been insignificant but may no longer be with mainstream panels costing only US$0.10/Wp.

Desert land, lakes, and harbors are cheaper, so we should expect to see more panels there instead of on potentially arable land.

[bryanlarsen]

You can buy land in the desert for under $1000 an acre. There are places you can buy farmland for under $10000 an acre.