First Solar May Sell Cheapest U.S. Power, Less Than Coal
This article is for subscribers only.
First Solar Inc., the world’s largest maker of thin-film solar panels, may sell electricity at a lower rate than new coal plants earn, according to a regulatory filing from a project it purchased in New Mexico.
El Paso Electric Co. agreed to buy power from First Solar’s the 50-megawatt Macho Springs project for 5.79 cents a kilowatt-hour, according to a Jan. 22 procedural order from the New Mexico Public Regulation Commission. That’s less than half the