Trends Suggest Record Low U.S. Solar Prices Will Go Lower

first_imgTrends Suggest Record Low U.S. Solar Prices Will Go Lower FacebookTwitterLinkedInEmailPrint分享Michael Copley for SNL:Solar power should continue getting cheaper for utilities to buy, even after ultralow contract prices were reported in the U.S. Southwest in 2015, First Solar Inc. CEO James Hughes said.A utility subsidiary of Berkshire Hathaway Energy in July 2015 said it executed 20-year power purchase agreements in Nevada with First Solar and Total SA subsidiary SunPower Corp. for about a third of what solar deliveries averaged in 2014. Bloomberg Intelligence analyst Kit Konolige said the First Solar contract, with a first-year price of $38.70 per MWh, was “probably the cheapest PPA I’ve ever seen in the U.S.”Hughes said contract prices should go even lower as companies continue cutting project costs and searching for cheaper sources of capital. “I don’t think we’re at a floor level,” he said during a Feb. 23 earnings call. “There’s no reason to believe that cost road maps are not going to continue to decrease as we move forward in the future.”Solar PPAs should fall below ultralow prices in ’15, First Solar CEO sayslast_img

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