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A lot more cheap solar is coming for Austin, Texas.
The city's utility, Austin Energy, just released new data on developer bids for PV projects as part of a 600-megawatt procurement. The numbers show how far solar prices have come down over the last year -- and will continue to drop.
According to Khalil Shalabi, Austin Energy's vice president of resource planning, the utility received offers for 7,976 megawatts of projects after issuing a request for bids in April. Out of those bids, 1,295 megawatts of projects were priced below 4 cents per kilowatt-hour.
"The technology is getting better and the prices are decreasing with time," said Shalabi during a presentation in front of the Austin city council last week.
Shalabi displayed the chart below showing an "exponentially declining curve" for PV projects in Texas.
"If you continue the curve, you can see that if the cost points continue along this sort of exponentially declining curve. We expect to see prices out in the future that are possibly below $20 a megawatt-hour," he said.
Links as to what form this begging is.So why did China Brazil India and couple others come begging "rich" countries fund their green energy if its so cheap......
