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Editorial

Dominic Marcellino


When deploying certain generation technologies in particular settings, renewables appear already to have achieved grid parity. Confirmation of this comes from Texas, of all places. Austin Energy, the municipal electric utility for the City of Austin, signed a 25-year power purchase agreement for 150MWof solar power at less than $0.05/kWh. Of PPAs in the US for renewable energy, this is the lowest cost per kilowatt hour ever achieved. Analysts have assessed the SunEdison bid, and it will turn a small profit; more importantly, it was selected due to the fact that it was the lowest, competitive bid. SunEdison’s main competitors were other solar projects; this bid was substantially below new natural gas, coal, and nuclear bids.

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