US: Thin film solar energy sells cheaper than coal
US: Thin film solar energy sells cheaper than coal fired
01. FEBRUARY 2013 | APPLICATIONS & INSTALLATIONS, INDUSTRY & SUPPLIERS | BY: MAX HALL
According to the terms of the proposed PPA for the 50 MW Macho Springs solar park in New Mexico, First Solar would be selling the energy generated by its thin film modules for a record low price for the technology.
Thin film generated solar energy from the Macho Springs plant in New Mexico will be cheaper than coal fired energy.
Flickr/boutmuet
News agency Bloomberg cites a New Mexico Public Regulation Commission document relating to the yet-to-be-agreed PPA in which El Paso Electric Company agrees to pay just US$57.90/MWh generated at Macho Springs.
The resulting $0.0579, or six cents, per kWh is less than half the average price of energy generated by new coal-fired power stations (12.8c/kWh) and significantly less than the typical price of thin film generated power (16.3c/kWh, both according to figures from Bloomberg New Energy Finance).
The PPA is expected to be signed off by June.