First Solar completes initial phase of America’s first solar plant to sell electricity on spot market

first_imgFirst Solar completes initial phase of America’s first solar plant to sell electricity on spot marketThe initial phase of the Barilla Solar Project is the first utility-scale project to be completed in the United States with no long-term contract and plans to sell the electricity generated on the spot market, as a new business model for solar in the nation. September 8, 2014 pv magazine Installations Markets Markets & Policy Share First Solar has announced the completion of the first 18 MW-AC phase of the Barilla Solar Project in West Texas, which will be 30 MW-AC when complete. This initial phase is in the final stages of the commissioning process, and may be the beginning of a new business model for the solar industry.Barilla has no power purchase agreement, and First Solar plans to sell the electricity generated by the plant into the spot market on Texas’ grid (ERCOT). While this is described as the “merchant” sale of power, First Solar notes that this may be a temporary arrangement.“We’re open to certain types of contracts for entities interested in using the output from our Barilla as a hedge against rising peak power prices, so we don’t consider this a merchant plant, that’s why we’ve called it an “open contract” investment,” explains First Solar Director of Regulatory and Public Affairs Colin Meehan.“It’s pretty clear that First Solar has been trying to shop this project for a utility off-taker,” explains GTM Research Solar Analyst Corey Honeyman. “They are banking on the near-term attractiveness of the wholesale spot market in ERCOT.”While other operational solar plants in Chile sell electricity on the spot market, Barilla is the first such project to be completed in the United States.Popular content Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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