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Saturday, August 29, 2015

Solar PV is getting cheaper and cheaper, Buy It From Others for Less Than 4 Cents per kWH

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NV Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, also recently signed a PPA for the 100 MW output of First Solar’s Playa Solar 2 installation at $0.0387 per kWh, which is thought to be the lowest rate for solar yet made public, according to Bloomberg News, and likely the cheapest electricity available in the U.S. today. NV Energy paid $0.1377 per kWh in 2014 for solar. 

Austin Energy's recent request for 600 MW of solar yielded multiple declining bids. The most recent was under $40 per MWh (less than $0.04 per kWh). That's 20% lower than 2014’s $0.045 per kWh price for a 150 MW solar project and only 25% of 2008’s $160 per MWh ($0.16 per kWh) bid for a 30 MW project.

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