Feeds

Solar undercuts coal in New Mexico

Pennies per kilowatt-hour

Internet Security Threat Report 2014

Bloomberg is reporting something of a world first: a solar facility in Macho Springs, New Mexico, is planning to sell its energy to the grid substantially below the price of coal-fired power.

The facility is under construction by First Solar, the news agency reports, and its customer is El Paso Electric. First Solar expects the Macho Springs plant to come on-line in 2014.

El Paso Electric has agreed to buy power from Macho Spring at 5.79 cents (US) per kilowatt-hour, with Bloomberg models putting the price of coal-fired power at more than 12 cents per kilowatt-hour.

The price was revealed in a regulatory filing with the New Mexico Public Regulation Commission.

First Solar announced it had acquired the facility from Element Power Solar on January 31.

While noting that the plant attracts US federal incentives, Bloomberg states it did not include these in its models because they vary widely between different locations.

While Element Power Solar hasn’t stated its reasons for selling the project to First Solar, its previous activities suggest that launch-and-divest is part of its business model. In March 2012, it sold two energy parks in the UK totalling 6 MW to the Foresight Group, and in France, it offloaded a 5.4 MW operation to Sonnedix Group.

El Paso Electric is expected to reveal more about the impact of renewable energy credits on its operations in regulatory filings due soon. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.