News agency Bloomberg cites a New Mexico Public Regulation Commission document relating to the yet-to-be-agreed PPA in which El Paso Electric Company agrees to pay just US$57.90/MWh generated at Macho Springs.

The resulting $0.0579, or six cents, per kWh is less than half the average price of energy generated by new coal-fired power stations (12.8c/kWh) and significantly less than the typical price of thin film generated power (16.3c/kWh, both according to figures from Bloomberg New Energy Finance).

The PPA is expected to be signed off by June.

Popular content This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. Share pv magazine The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC. More articles from pv magazine Related content Elsewhere on pv magazine...