TEP to Buy Solar Power for Historically Low Price

The Arizona utility signed a 20-year agreement to purchase electricity from a 100-megawatt solar facility at a new record low price. The solar project is slated for completion by the end of 2019.
On a site located inside Tucson Electric Power’s service territory south of the metropolitan area, a new 100-megawatt solar array and an accompanying 30-megawatt energy storage system will be built, owned and operated by an affiliate of NextEra Energy Resources. TEP will buy solar energy from the facility at a historically low price from the system that is large enough to power 21,000 homes…
Categories : Finance

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