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GLD 386.47-0.2%4:00 PM EST

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From: Haim R. Branisteanu9/18/2019 2:54:56 PM
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Unanimously approved by LADWP's board, the PPAs include the supply of solar power at a record-low price of below $20/MWh, the mayor's office said. Previously, the lowest U.S. solar PPA price was $23.8/MWh, signed by Nevada utility NV Energy for 8minute's 300 MW Eagle Shadow PV plant in Nevada.

The Eland plant will also include 400 MWh of energy storage, dispatchable at 100 MW for up to four hours at an extra price of $13/MWh, according to media reports.

LADWP will buy 375 MW of solar power and 387.5 MWh of energy storage from the facility and Glensdale Water and Power will buy the remainder 25 MW of solar power and 12.5 MWh storage, the reports said.

The project will generate 700 jobs during a 14-month construction period as well as 40 long-term jobs for the operations and maintenance (O&M) of the facility.

analysis.newenergyupdate.com
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