Fuel cell power prices fall in Connecticut tender

The average price for fuel cell energy has fallen to USD 0.116 (EUR 0.10) per kWh in the latest clean energy competition in the US state of Connecticut, from USD 0.156/kWh in the 2011/2012 Section 127 procurement.

FuelCell Energy Inc (NASDAQ:FCEL) has won two projects, of 22.2 MW in total, after responding to the request for proposals (RfP) by the Department of Energy & Environmental Protection (DEEP). The company is to install a 14.8-MW facility in Derby, and 7.4 MW in Hartford. The list of winners also includes a 19.98-MW project by Korea’s Doosan and a 10-MW scheme by Bloom Energy.

DEEP said earlier this week the four fuel cell facilities would produce 450,011 MWh.

Fuel cells qualify under the Connecticut Class 1 Renewable Portfolio Standard. In addition to ensuring baseload power supply and contributing to grid resiliency, they also fetch renewable energy credits. The successful projects now need to negotiate 20-year power purchase agreements (PPAs) with power utilities Eversource and United Illuminating.

Other winners in the clean energy competition include Deepwater Wind’s Revolution Wind Project, awarded 200 MW of offshore wind capacity, and the 1.6-MW Turning Earth Anaerobic Digestion Project in Southington.

(USD 1 = EUR 0.86)

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