The facility will be located at the utility’s DeBary solar plant, which has a 74.5 MW capacity.
The report raised concerns over future pricing stability and product availability as demand for battery products increases.
Utility-scale solar–both thin-film and crystalline silicon–as well as wind have the lowest LCOE of all U.S. sources considered.
Even 100% renewables could be reached with existing technology, the study said. Stanford University’s Mark Jacobson commented that system costs would be even lower with additional measures.
New analysis released by Lazard compares the levelized cost of energy for various generation technologies on a $/MWh basis and shows that renewables, specifically utility-scale solar and wind, are the economic frontrunners.
The 1 GW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai will feature NX Horizon trackers with the deal announced after the manufacturer published new bifacial yield gain claims.
Lazard has released its annual energy generation and storage levelized cost report, showing solar power down about 7% and energy storage rates of return ranging from 7-35% in key markets.
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