- Austin Energy will buy 150 MW of photovoltaic solar from SunEdison for slightly less than 5 cents/kWh under a pending 25-year power purchase agreement.
- The price is less than the all-in price for natural gas-fired generation, which Austin Energy, a municipal utility, pegs at 7 cents/kWh.
- In a sign of how good SunEdison's offer was, Austin Energy's original solicitation was for only 50 MW.
Like recent wind deals, solar is now beating out conventional power plants on price. "I expect that this will force a lot of players to reexamine their approach and get far more aggressive,” Monty Humble, Brightman Energy managing director, said. “Because of the size of the [Texas] market and the size of the state, Texas is potentially the largest solar market in the country."