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NV Energy seeks clearance for solar, geothermal PPAs

16 Mar 2011

NYSE-listed NV Energy is seeking approval from the Public Utilities Commission of Nevada to enter into long-term power purchase agreements (PPAs) for solar energy and geothermal projects.

The PPAs would cover 50MW of solar energy from two photovoltaic (PV) power projects in southern Nevada and a 51MW geothermal project that is proposed for Churchill County, also in the state.

In addition, the company is requesting permission to enter into a long-term agreement with Amonix, which designs and manufactures concentrated PV systems.

Under this deal, NE Energy would purchase Renewable Portfolio Standard credits produced by Amonix in solar projects in North Las Vegas.

Michael Yackira, president and CEO of NV Energy, said, ‘Over the last year, we’ve made great strides with our renewable energy development efforts, and with these pending applications we will have nearly 1.3GW of very diverse renewable energy that is either producing or in the development stages.’

If the utilities commission approves the new contracts NV Energy’s portfolio would include 1.28GW of clean power, including from 23 geothermal projects, 13 solar plants and four biomass plants.

Copyright © 2011 NewNet

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