8minute to sell power from huge Californian PV complex at less than USD 0.02/kWh
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8minute Solar Energy LLC on Tuesday said it will build a 400-MW solar park with battery storage in California which will offer the “lowest combined solar and storage prices on record.”
The project will be implemented under a partnership with municipal utility Los Angeles Department of Water and Power (LADWP), which will buy the solar park’s output at a price lower than USD 0.02 (EUR 0.018) per kWh. The Eland Solar & Storage Centre will include an up to 400-MW photovoltaic (PV) park and a 300 MW/1,200 MWh energy storage facility, planned to be installed north of Los Angeles and close to California City.
Once fully completed in 2023, the complex will provide fully dispatchable power to LADWP customers in Los Angeles and the San Fernando Valley.
Full operational capabilities are targeted in 2023. The park's annual output is expected to exceed 1.7 billion kWh and meet the demand of more than one million people in LA County. Almost 1.2 million tonnes of carbon dioxide (CO2) emissions will be saved each year, the developer calculates.
The peak construction phase of what 8minute Solar says will be the largest municipal PV park globally will open over 700 new jobs.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.