Old Rocks
Diamond Member
Cheapest Solar Ever: Austin Energy Gets 1.2 Gigawatts of Solar Bids for Less Than 4 Cents
Correction: Khalil Shalabi said was that 1,295 megawatts were priced below the Recurrent solar deal from last year, which was under 5 cents per kilowatt-hour not under 4 cents per kilowatt-hour.
A lot more cheap solar is coming for Austin, Texas.
The city's utility, Austin Energy, just released new data on developer bids for PV projects as part of a 600-megawatt procurement. The numbers show how far solar prices have come down over the last year -- and will continue to drop.
According to Khalil Shalabi, Austin Energy's vice president of resource planning, the utility received offers for 7,976 megawatts of projects after issuing a request for bids in April. Out of those bids, 1,295 megawatts of projects were priced below 4 cents per kilowatt-hour.
"The technology is getting better and the prices are decreasing with time," said Shalabi during a presentation in front of the Austin city council last week.
5 cents a kw/hr is a very good price
Correction: Khalil Shalabi said was that 1,295 megawatts were priced below the Recurrent solar deal from last year, which was under 5 cents per kilowatt-hour not under 4 cents per kilowatt-hour.
A lot more cheap solar is coming for Austin, Texas.
The city's utility, Austin Energy, just released new data on developer bids for PV projects as part of a 600-megawatt procurement. The numbers show how far solar prices have come down over the last year -- and will continue to drop.
According to Khalil Shalabi, Austin Energy's vice president of resource planning, the utility received offers for 7,976 megawatts of projects after issuing a request for bids in April. Out of those bids, 1,295 megawatts of projects were priced below 4 cents per kilowatt-hour.
"The technology is getting better and the prices are decreasing with time," said Shalabi during a presentation in front of the Austin city council last week.
5 cents a kw/hr is a very good price