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Analysts Confirm New Record Low Solar PPA in Texas

December 14, 2018

New Braunfels Utilities, a municipally-owned utility in Texas, signed a new record low Power Purchase Agreement (PPA) in Q4 of this year at under $25 per megawatt-hour.

The 15-year contract with Engie-affiliated Long Draw Solar is the lowest confirmed in the U.S. The project capacity is 255 megawatts.

Austin Energy claimed the previous record PPA, announced at the end of last year. But the price of that deal was unconfirmed, hovering between $21 and $27.25 per megawatt-hour, according to Colin Smith, a senior solar analyst at Wood Mackenzie Power & Renewables.

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