The decision by publicly owned utility Austin Energy to commission 150 MW of solar power in West Texas could signal a rush by developers after the company's general manager declared solar had reached cost competitiveness across most of the state.
"Solar power has reached a price that is competitive in the ERCOT market," said Austin Energy's Larry Weis, referring to the Electric Reliability Council of Texas that regulates the supply of 85% of the state's electricity.
Austin Energy, a department of the city of Austin, Texas, will pay for 150 MW under a 20-year PPA with developer Recurrent Energy, which is developing what is claimed will be the largest single-site solar project in the state and which is due to be completed in 2016.
The project will fulfil a sizeable chunk of Austin Energy's commitment to secure 200 MW of power from renewables by 2020.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.