As Greentech Media reported yesterday, at least one analyst has concluded that First Solar has achieved the nirvana of green power: grid parity, or being able to produce electricity that’s as cheap as or cheaper than conventionally produced power. According to Mark Bachman, an equity analyst at Pacific Crest,First Solar’s 12.6 MW system for Sempra Generation is producing power at a cost of .075/kilowatt hour, compared to conventional power’s cost of $.09/kilowatt hour.

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