http://www.renewableenergyworld.com/articles/2017/05/arizona-utility-buys-solar-power-at-historically-low-price.html
[3 cents per kWh! Long-term contract.]
Arizona Utility Buys Solar Power at ‘Historically Low Price’
May 25, 2017
Arizona utility Tucson Electric Power (TEP) said this week that it will
buy solar energy at a historically low price from a new local system
large enough to power 21,000 homes.
The 100-MW solar array and an accompanying 30-MW energy storage system
are expected to be in service by the end of 2019. TEP said that,
excluding the cost of storage, it will buy the system’s output for 20
years for less than $0.03/kWh — less than half as much as it agreed to
pay under similar contracts in recent years.
“This new local system combines cost-effective energy production with
cutting edge energy storage, helping us provide sustainable, reliable
and affordable service to all of our customers for decades to come,”
Carmine Tilghman, senior director of energy supply and renewable energy
for TEP, said in a May 22 statement.
An affiliate of NextEra Energy Resources will build, own and operate the
system on a site owned by the City of Tucson located inside TEP’s
service territory south of the metropolitan area.
NextEra also will build and operate a long-duration battery storage
system on the site that will help integrate renewable energy resources
into TEP’s local energy grid. The storage system will be capable of
providing up to 120 MWh of power [sic].