Coal and gas on notice, as US big solar and battery deal stuns market | RenewEconomy

Coal and gas on notice, as US big solar and battery deal stuns market | RenewEconomy

A Californian solar and battery storage power purchase agreement is plumbing new lows for the cost of electricity from solar – a US-dollar price of 1.99c/kWh for 400MW of PV and 1.3c/kWh for stored solar power from a co-located 400MW/800MWh battery storage system.

The record setting deal, struck by a team at the Los Angeles Department of Water and Power (LADWP) with renewables developer 8minute, seeks to lock-in a two-stage, 25-year contract to serve 7 per cent of L.A.’s electricity demand from the massive solar and battery project.

via Coal and gas on notice, as US big solar and battery deal stuns market | RenewEconomy