SunEdison on Tuesday announced its agreement with Luminant to sell 116 MW of utility-scale solar power to the company. Luminant will in turn sell the electricity to the ERCOT competitive market.
The power purchase agreement represents the largest in the nation for a merchant generator operating in a competitive market, and demonstrates the ability of solar power to compete with the price of natural gas and coal.
The agreement will begin late 2016, with power being generated from SunEdison’s new 800-acre Castle Gap solar facility in West Texas.
According to the Texas State Energy Conservation Office, Texas ranks first in the nation in solar resource potential.