5c/kWh is competitive even in the wholesale market. I do wonder if that includes the value of the waste heat that can be reclaimed from the CPV or not? Using 10% less land than PV is always good, too.Cogenra has developed a new concentrated photovoltaic solar receiver, called the T14, which can reportedly achieve a system cost of 50 cents per watt. It achieves a levelized cost of electricity (LCOE) — cost of electricity with everything factored in — up to 20% lower than conventional PV systems.
If they will actually be pulling this off, combined with some storage it could make a huge dent in fossil fuel consumption.