29 Aug '14, 3pm

solar

solar

The city of Austin may have just single-handedly propelled the Texas solar market into the top-ten leading states. Last night, the Austin city council voted in favor of a resolution that would increase the city's rooftop and utility-scale solar targets by 800 megawatts over the coming years. It creates a plan that would build a small paradise for distributed energy companies, including a utility-scale solar target of 600 megawatts by 2017, a rooftop solar target of 200 megawatts by 2020, explicit language enabling third-party solar ownership, a floor price for the value-of-solar tariff, and a mandatory strategy to procure 200 megawatts of fast-response storage. The plan builds upon earlier climate goals created and revised since 2010. After Austin Energy signed a power-purchase agreement for 150 megawatts of solar at 5 cents per kilowatt-hour in May, city officials asked i...

Full article: http://www.greentechmedia.com/articles/read/austin-energy...

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