Austin Energy is poised to sign what could be the world’s cheapest solar-power deal.
The city-owned electric utility has agreed to terms with SunEdison to buy electricity from two solar farms in West Texas, one a 350,000-panel, 100-megawatt facility, the other a nearby 150,000-panel, 50-megawatt neighbor. The price is just below 5 cents per kilowatt-hour. That is far cheaper than solar energy had generally been going for — and less than a third of the price Austin Energy agreed to pay in 2009 for electricity from a much smaller solar array just east of the city.
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Austin Energy close to signing "cheapest" solar power deal experts have seen
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