Friday, November 21, 2008

Why would Ontario Power Generation buy solar electricity at 42 cents/kwh and sell it for maybe 4.8 cents/kwh?

City going solar as part of green plan | Online Pioneer Plus
“The exact cost [of the solar panels and installation] is $43,396.33 plus GST. The exact amount of money from MECF is $11,361. The solar panels should produce approximately $3,440 of income per year,” said Carr-Braint.
...
“This is a perfect opportunity for us to put Belleville on the map as being one of the first communities with a municipal solar power system,” he said.
Ontario Power Generation will purchase the energy produced from these solar panels at 42 cents per kilowatt-hour.
Nov 21, 2008: Ontario Power Generation reports 2008 third quarter financial results
OPG average sales price 4.8 [cents/kWh]

1 comment:

Anonymous said...

The world is looking for these type of solar generation techniques.