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Author Topic: Photvoltaics (PV)  (Read 8559 times)

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AGelbert

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Re: Photvoltaics (PV)
« Reply #285 on: June 13, 2018, 07:10:47 pm »
Nevada’s 2.3-Cent Bid Beats Arizona’s Record-Low Solar PPA Price

NV Energy’s portfolio of solar and solar-plus-storage takes the low-price competition up a notch.
Julian Spector  June 12, 2018

SNIPPET:

Records don't last long in the cleantech business.  


Just days ago, we were reporting that the Central Arizona Project (CAP) had secured the lowest confirmed solar price in the U.S., when it approved a 20-year power-purchase agreement at $24.99 per megawatt-hour. That's setting aside an Austin Energy PPA from December that could be lower, but has more ambiguous terms.

That Arizona record is already under threat from projects that utility NV Energy selected as part of its integrated resource planning. The portfolio of 1,001 megawatts of solar capacity and 100 megawatts/400 megawatt-hours of energy storage still needs approval from Nevada’s utility regulators.

If that happens, the lowest confirmed U.S. solar price would be Sempra Renewables’ Copper Mountain Solar 5 project at $21.55 per megawatt-hour. That 250-megawatt project, though, has a 2.5 percent annual escalation as part of its 25-year contract, so the low upfront price wouldn’t last.

Instead, we can turn to 8minutenergy’s 300-megawatt Eagle Shadow Mountain Solar Farm, which clocks in at a flat rate of $23.76 per megawatt-hour throughout its 25-year PPA term.

That comfortably beats the CAP project on pricing, while delivering 10 times the capacity 👀 . It also marks a substantial improvement on the $29.50 per megawatt-hour median pricing for standalone solar PV in Xcel’s famous solicitation six months ago.

Quote
"We’ve always expected prices to drop a lot," said Colin Smith, a solar markets analyst at GTM Research. "With everything that’s happened with tariffs recently, I’m surprised to see them this low this soon." 

Full article:

https://www.greentechmedia.com/articles/read/nevada-beat-arizona-record-low-solar-ppa-price#gs.HBUB98I
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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