January 1, 2020

...AND CHEAPER...:

Trump administration says it will approve largest U.S. solar farm (SAMMY ROTH, JAN. 1, 2020, LA Times)

Federal officials plan to approve a massive solar farm with energy storage in the desert outside Las Vegas, paving the way for a $1-billion project that will provide electricity to Nevada residents served by billionaire Warren Buffett's NV Energy.

At 690 megawatts across 7,100 acres, the facility would generate more power than the largest solar farm currently operating in the United States, a 579-megawatt plant in Southern California. The energy storage component -- at least 380 megawatts of four-hour lithium-ion batteries, capable of storing solar power for use after dark -- would also be one of the largest facilities of its kind. [...]

Falling prices and supportive state policies have continued to drive demand for renewable energy, even with the Trump administration taxing imported solar panels and more recently rejecting a proposed extension for clean energy tax credits.

The investment bank Lazard reported in November that onshore wind and solar power are two of the cheapest sources of new electricity generation in the United States, averaging $28 per megawatt-hour and $36 per megawatt-hour, respectively. Electricity from a new natural gas plant, by comparison, typically costs $44 to $68 per megawatt-hour, according to Lazard.

Posted by at January 1, 2020 8:50 AM

  

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