Developing Solar Photovoltaic for Competitively Priced Energy

Abstract

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