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Energy companies agree on power purchase in southern Nevada
by Tribune Staff
Jun 12, 2009 | 623 views | 0 0 comments | 9 9 recommendations | email to a friend | print
Las Vegas – NV Energy, Inc. and American Capital Energy (ACE) today announced that they have entered into a long-term power purchase agreement (PPA) for the sale of energy produced from a 20-megawatt DC solar photovoltaic power plant that will be constructed near Searchlight, Nev., 55 miles south of Las Vegas.

The project, expected to be completed by mid-2010, will be larger than the 14 MW photovoltaic facility completed in 2007 at Nellis Air Force Base. The Nellis plant, toured by President Barack Obama on a recent visit to Las Vegas, is the largest PV facility currently operating in the United States.

“This is another major step in our commitment to bringing power from renewable resources to the citizens of Nevada,” said Michael Yackira, NV Energy president and CEO. “Our state is blessed with abundant solar, geothermal and wind resources and expanding the use of these resources through power purchases of this kind or direct investment in renewable projects is one of our top priorities.”

Terms of the power purchase agreement, which is subject to approval by the Public Utilities Commission of Nevada, were not disclosed.

The agreement will assist NV Energy in meeting Nevada’s portfolio standard, which was recently increased by the state Legislature. The standard now requires that 25 percent of energy be generated by renewable resources and energy efficiency and conservation programs by 2025.

The companies said all of the PV output from the plants will go to customers of NV Energy’s southern service territory. Construction of the project is expected to create more than 120 jobs and will further help develop Nevada’s burgeoning renewable energy workforce.

Headquartered in Las Vegas, Nevada, NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. Serving a combined 54,500 square mile service territory that stretches north to south from Elko to Laughlin, NV Energy provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada as well as approximately 40 million tourists annually.

Headquartered in Massachusetts, with offices across the country, American Capital Energy provides full-service project development and construction services for large-scale solar energy projects.
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