EDF Renewable Energy acquires 179-MW solar projects from First Solar

EDF Renewable Energy has announced the acquisition of the 179 MW Switch Station 1 and Switch Station 2 Solar Projects from First Solar.

The projects, currently under construction, will sell their combined output and environmental attributes under three Power Purchase Agreements to subsidiaries of NV Energy, Inc. (Nevada Power Company d/b/a NV Energy and Sierra Pacific Power Company d/b/a NV Energy); Commercial Operation Dates (COD) for the two projects are scheduled for late July 2017 and late September 2017, respectively.

Located in Clark County, Nevada on land managed by the US Bureau of Land Management (BLM) in the Dry Lake Solar Energy Zone (SEZ), the projects are comprised of First Solar modules on horizontal single-axis trackers. The expected electricity generated at full capacity is enough to meet the consumption of approximately 46,000 Nevada homes. This is equivalent to avoiding more than 265,000 metric tons of CO₂ emissions annually which represents the greenhouse gas emissions from 52,000 passenger vehicles driven over the course of one year.

Ryan Pfaff, Executive Vice President of EDF Renewable Energy, commented:

“The acquisition of Switch Station 1 and Switch Station 2 marks EDF RE’s entry into Nevada, a state with world-class solar resources where we plan to build additional projects in the coming years. We are pleased to be working with First Solar, one of our key solar partners, to deliver affordable, reliable solar energy to NV Energy and its customers.”

Richard Romero, First Solar Vice President of Treasury and Project Finance, said:

“This is an exciting development in our long-standing relationship with EDF. There is great value in our shared ability to creatively structure a deal that meets both partners’ needs.”