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. 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.