Los Angeles issues new 100 MW FIT solar program

Los Angeles issues new 100 MW FIT solar program

16.01.2013: Los Angeles Department of Water and Power (LADWP) has approved a feed-in tariff program aiming to install a PV capacity of 100 MW to 150 MW by 2016. LADWP said in a press release that the FIT program will start on Feb. 1 and will have an initial allocated capacity of 100 MW, although »a proposal for an additional 50 MW FIT Program will be discussed in March.« LADWP has set a 20-year contract for each project and has allocated 20 MW for the first quarter of 2013 and additional 20 MW every six months until 2016. The FITs will be granted to projects with a power range from 30 kW to 3 MW. Fixed pricing will be $0.17 per kWh for the first 20 MW. LADWP said that the initial price is »higher than what it would pay for other renewables« in order to provide the program with »sufficient incentive to become solid and sustainable«. Source: Los Angeles Department of Water and Power (LADWP) http://www.ladwp.com http://www.ladwpnews.com/go/doc/1475/1681111/ The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/73167.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com