Economic Development
More Green Energy for Nevada
NV Energy is expanding its investment in renewable energy. In February, the company announced that it has signed long-term agreements to buy 232 megawatts of electricity from three renewable energy projects in Nevada.
The largest of the three is the 150-megawatt Spring Valley Wind Project planned in eastern Nevada. This would be Nevada’s first major wind project and could be generating power by late 2011. The wind farm is being developed by Pattern Energy Group, LP.
NV Energy also announced an agreement to purchase 50 megawatts of electricity from a photovoltaic solar facility that NextLight Renewable Power, LLC, plans to construct near Primm in southern Nevada, and an agreement to buy 32 megawatts of electricity from a geothermal plant under development in central Nevada. The geothermal developer is Ram Power.
The solar project could be generating energy by the spring of 2011, and the geothermal plant is expected to begin commercial operations in 2014.
All three projects are subject to approval by the Public Utilities Commission of Nevada.
NV Energy currently has nearly 1,000 megawatts of geothermal, solar, biomass, hydroelectric, waste-heat recovery and wind energy under contract or in the project development stage.
