Developing Solar Photovoltaic for Competitively Priced Energy

ABSTRACT

Parker Hannifin Corporation (“Parker”), in conjunction with Constellation Energy, investigated the possibility of developing a solar installation at its New Britain (Connecticut) manufacturing facility. Parker eventually developed the project after carefully considering all of the relevant factors, which included not only the electricity price ($/kWh) comparison of solar with traditional brown power, but also future price curves, history of energy prices, and displacement cost with peak vs. blended price considerations.