Austin Energy close to signing ‘cheapest’ solar power deal experts have seen – Austin American

March 8, 2014 by  
Filed under Green Energy News

Austin Energy is poised to sign what could be the world’s cheapest solar-power deal.

The city-owned electric utility has agreed to terms with SunEdison to buy electricity from two solar farms in West Texas, one a 350,000-panel, 100-megawatt facility, the other a nearby 150,000-panel, 50-megawatt neighbor. The price is just below 5 cents per kilowatt-hour. That is far cheaper than solar energy had generally been going for — and less than a third of the price Austin Energy agreed to pay in 2009 for electricity from a much smaller solar array just east of the city.

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