30 Jun '15, 3pm

Cheapest Solar Ever: Austin Energy Gets 1.2 Gigawatts of Solar Bids for Less Than 4 Cents

Cheapest Solar Ever: Austin Energy Gets 1.2 Gigawatts of Solar Bids for Less Than 4 Cents

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. Shalabi displayed the chart below showing an "exponentially declining curve" for PV projects in Texas. "If you continue the curve, you can see that if the cost point...

Full article: http://www.greentechmedia.com/articles/read/cheapest-sola...

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