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An adjacent 350MW project from the same owners has a 46% capacity factor and signed a 20-year agreement for $0.04/kWh (they did qualify for the PTC so their 're
by mikeyouse 3y ago
An adjacent 350MW project from the same owners has a 46% capacity factor and signed a 20-year agreement for $0.04/kWh (they did qualify for the PTC so their 'real' cost is $0.06/kWh) - this project will surely be well under $0.10/kwh wholesale as well:
> In the event Red Cloud qualifies for 100 percent of the PTC, the energy price will be reduced by $2.00 per MWh and the new energy price will be $41.00 per MWh. The price for Test Energy will be reduced to $30.25 per MWh and Excess Energy will be reduced to $16.40 per MWh.
https://clkrep.lacity.org/onlinedocs/2020/20-1217_misc_09-24-2020.pdf https://clkrep.lacity.org/onlinedocs/2020/20-1217_misc_09-24...