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#FirstSolar 6 cents /KWh cheaper than Coal 13 cents/KWh Electricity

posted Feb 1, 2013, 1:44 AM by Solar Life   [ updated Feb 1, 2013, 1:56 AM ]

First Solar May Sell Cheapest Solar Power, Less Than Coal

First Solar bought the 50-megawatt Macho Springs project from Element Power Solar, according to a statement yesterday. El Paso Electric Co. (EE) agreed to buy the power for 5.79 cents a kilowatt-hour, according to a Jan. 22 procedural order from the New Mexico Public Regulation Commission.

That’s less than half the 12.8 cents per kilowatt-hour average price for new coal plants, according to data compiled by Bloomberg. Thin-film photovoltaic power typically sells for 16.3 cents a kilowatt-hour, according to Bloomberg New Energy Finance.

source: bloomberg.com  |   firstsolar.com