Initial results from California's Renewable Auction Mechanism, also known as RAM, have started coming in, and they're impressive. If you still don't think solar is cost-competitive, you may want to sit down for this.
The weighted average cost of the bids accepted by PG&E
There were 92 offers received for SCE's contracts, of which seven bids won, totaling 67 megawatts. PG&E had 122 offers from 52 counterparties and gave four contracts totaling 63 MW.
Blowing away grid parity
We've been hearing about grid parity for some time, but it's usually some sort of hypothetical calculation. SunPower
There was also the rush to install solar power in Germany to point to, even though FIT rates in Germany have fallen below retail electricity prices. All of this is great, but it rarely gives a single number we can point to and say, "See? Solar is less expensive than power from the grid."
This may be one of the first big milestones that changes the solar narrative nationally.
And the winners are ...
SunPower stayed out of the bidding directly, but it may still gain some business from bid winners. First Solar put in seven offers to SCE and PG&E, although none of them won. Trina Solar
It's unknown which manufacturers will win module contracts for the 107 MW in solar that won bids this time around, but low-cost Chinese manufacturers should be first on the list. Suntech Power
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