LADWP finalises 150MW solar FiT programme

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

The Los Angeles Department of Water and Power (LADWP) has finalised its 150MW solar feed-in tariff (FiT) which it claims is the largest solar incentive scheme for any US city.

In January, the board of water and power commissioners of LADWP approved a 100MW FiT programme for rooftop solar projects. A few months later on 16 April, the board approved an additional 50MW incentive programme known as FiT50 to complement 100MW scheme.

Under the 100MW programme, power producers will benefit from fixed prices. In February, LADWP opened up the first 20MW allocation of the 100MW FiT programme. Proposals were received for about 45MW of Los Angeles solar projects ranging in size from 30kW to 3MW.

LADWP is conducting interconnection studies for the first 20MW of proposals submitted. Once the studies are completed, the bidders can decide whether or not to complete the contract, which will be a standard 20-year contract at a set price of US$0.17 per kWh.

Subsequent 20MW allocations will be made available every six months through 2016 until the full 100MW is subscribed. The set price will decline after each 20MW has been allocated.

The FiT50 programme, however, will be competitively priced by issuing a request for proposal (RFP) which is “bundled” with a utility-scale solar project. The terms also require the projects to be constructed within LADWP’s service territory in the Los Angeles basin.

Aram Benyamin, LADWP’s senior assistant general manager of power, said the combined RFP provides a way to develop the most solar at the most competitive price.

Benyamin said: “One of the biggest benefits is that competitive bids and greater economies of scale will result in lower costs to customers and minimize rate impacts. Our goal is to accomplish the power supply transformation while keeping the cost impacts on customers as low as possible.”

LADWP expected the combined RFP approach to trigger the development of a higher volume of solar power within a few short years, thus increasing LADWP’s level of renewable energy at a faster pace to meet its goals to produce 25% of renewable energy by 2016 and 33% by 2020.

The utility firm will issue a RFP which will seek proposals for constructing 200MW of PV on the Beacon property owned by LADWP. The Becon property will be divided into four sites for PV plants each averaging around 50MW. Bidders may submit proposals for one or more of the four sites, each of which is linked to a required smaller local solar project between 10MW and 14MW in size.

The RFP also sets a price cap for each solar project — US$140 per MWh for the local FiT solar and US$85 per MWh for the Beacon project.
 
At the end of December 2012, LADWP acquired the 250MW Beacon Solar Project from Nextera Energy Resources. The acquisition came with approved permits, environmental studies and preliminary engineering designs. LADWP will construct a 50MW solar power plant at the site while the remaining 200MW will be offered to private developers through the RFP which is expected to be issued this month. 

1 December 2021
Join this virtual conference on 1-2 December 2021 for expert presentations covering PV Module Technology, Supply & Site Optimisation for Utility-Scale. Delegates can access streamed presentations, session recordings and chat/messaging tools to connect with fellow delegates and speakers. Speakers include leading developers, manufacturers, testing and research institutes, including: NREL, Silicon Ranch, Sonnedix, Heliene, Powertis, LONGi Solar, JinkoSolar, PVEL, Risen Energy, Seraphim, STS, Trina Solar, Eternalsun Spire, QEERI, Fraunhofer, Estuary Capital Partners, VDE, First Solar, Longroad Energy, Powertis and DNV Energy Systems
2 December 2021
Intersolar is the world’s leading exhibition & conference series for the solar industry. As part of this event series, Intersolar India in Mumbai is India’s most pioneering exhibition and conference for India’s solar industry. It takes place annually and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. Since 2019, Intersolar India is held under the umbrella of The smarter E India – India’s innovation hub for the new energy world.
9 December 2021
The Smart Energy Council is hosting Australia’s second Virtual Smart Energy Conference and Exhibition on Thursday, 9 December 2021. This event will show that the industry powers on despite COVID-19 and we are standing together undeterred in spirit. Bringing our global community together using the latest technology.
13 January 2022
Intersolar North America and Energy Storage North America “Come Together” for the first time in Long Beach, CA—connecting installers, developers, utilities, technology providers, policy makers, and key stakeholders from around the world to advance the clean energy future. With best-in-class conference programming, integrated exhibits and pavilions, and the live Solar Games installer competition, #isnaesna21 will showcase the industry trends, innovative solutions, and emerging talent transforming the solar, energy storage, and e-mobility markets. Register today to redeem our exclusive offer for PV Tech readers—free expo hall or 20% off full conference pass.
1 February 2022
As Solar Finance & Investment enters its ninth year, we sit on the cusp of a new power market with solar at its heart. The 2022 edition of the event will build on our years of expertise and relationships to bring investors and lenders together with top developers. Connect with leaders in the field and use exclusive insights to drive investment and development decisions for the future. Meet new and existing project partners at the largest gathering of European solar investors and lenders.
23 February 2022
Held annually since 2016, the Energy Storage Summit Europe is the place to be for senior stakeholders in the European storage industry. Designed to accelerate deployment of storage, we examine evolving chemistries, business models, project design, revenue stacks and use cases for storage. The 2022 edition will include exclusive content around longer duration solutions, energy strategies for wide-scale deployment of EVs and "EnTech", the event which sits at the intersection of digitisation, decentralisation and decarbonation of the power system. Come to meet TSOs, DSOs, Utilities, Developers, Investors and Lenders and leave with new contacts, partners and a wealth of information.

Read Next

November 30, 2021
Solar EPC company iSun is investing in US commercial PV project developer Encore Renewable Energy as part of efforts to accelerate its geographic expansion.
November 30, 2021
The CEO of Hevel Group, Igor Shakhray, will leave the company to become CEO of Unigreen Energy, a silicon wafer and cell manufacturer, which is owned by Hevel majority shareholder Ream Management LLC
November 30, 2021
South Korean LG Electronics has announced a series of new appointments as it aims to target greater growth and customer satisfaction moving into 2022, while also elevating certain critical departments to division level in order to supply them with greater resources
November 30, 2021
Solar risk manager kWh Analytics has launched a new offering that it says allows PV project owners to receive upfront payments in return for maintaining asset performance.
November 30, 2021
‘Solar Module Super League’ (SMSL) member Canadian Solar has raised US$150 million through a share offering, with proceeds set to help the manufacturer expand its energy storage arm.
November 29, 2021
Commercial and industrial (C&I) solar developer Altus Power will offer distributed renewables and energy storage solutions through a new partnership with energy major Shell.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
December 1, 2021
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal