“We’ve seen reported power purchase agreement prices for utilities to buy power from new utility-scale solar projects on the order of $40 to $50 per megawatt hour, which is competitive with electricity generated from existing coal and natural gas plants,”
~ Alex Hobson, a spokeswoman for the Washington, D.C.–based trade group.
SEIA’s list of major solar projects catalogs more than 3,300 megawatts’ worth of utility-scale solar projects that are under construction across the United States. Another 53,000 megawatts’ worth of projects are in development.
This is just the first step and that Pacific Power expects to make additional renewable acquisitions as prices continue to fall. That will be necessary because the coal-free regulations in Oregon also require the state to obtain 50 percent of its energy from renewables by 2040. “There are more things we’ll need to do over the next 20 years to meet that, but as an initial step, this is quite a positive one”.
~ Ry Schwark, Pacific Power spokesman