Renewables Milestone: First Solar Reaches Grid-Parity

When Sempra Generation contracted First Solar to build their 12.6 mega-watt system, I’m sure they were excited about the potential sustainability and financial aspects of the project, but now they have a serious reason to be excited.
They’ve just announced that the system produces electricity which is under the price of conventional energy in the US. That’s right, solar is cheaper than coal! Well, atleast in First Solar’s case.
Normal energy fed into the grid costs right around $.09 per kilowatt hour, while First Solar’s Nevada desert system feeds energy in at $.075 per kilowatt hour.
What a great development all around for renewables, the future appears a little brighter.