Southern Nevada Water Authority signs PPA with SunEdison

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Southern Nevada Water Authority signs PPA with SunEdison

SunEdison, Inc., a solar technology manufacturer and provider of solar energy services, today announced that it has signed a 20-year power purchase agreement (PPA) with the Southern Nevada Water Authority (SNWA).

The power purchase agreement enables SNWA to lock in a significant portion of its energy costs at a fixed rate, providing an effective hedge against future increases. As part of the agreement, SunEdison will develop, construct, own and operate a 14 megawatt (MW) AC solar photovoltaic (PV) power plant, located in Clark County, Nevada.

John Entsminger, Southern Nevada Water Authority General Manager, said:

"This partnership with SunEdison expands our renewable energy portfolio to about 18 percent of our total power mix, and it provides additional stability to power costs, which ultimately benefits Southern Nevada's municipal water users. When compared with traditional power production from fossil fuels, this solar facility will also save more than 100 million gallons of water and contribute to the sustainability of our community."

Water is used in a number of ways in fossil fuel based electricity production, including generating steam to turn turbines, helping to keep power plants cool, and flushing away the fuel residue after fossil fuels are burned. By contrast, solar PV power plants do not use water in the production of electricity.

Bob Powell, President, North America at SunEdison, said:

"This project is a great example of how SunEdison can provide cost effective solar solutions to fit almost any location," said . "This ground-mounted facility will be built around a transmission and pipeline infrastructure that is quite complex – if we can do it here, we can do it anywhere."

Construction of the facility will begin in early 2015 with commercial operation slated for later that year. Once operational, the solar power plant will be managed by the SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset management, monitoring and reporting services. Data collected from the ROC is used to continuously improve the company's products, project designs and service offerings.

List of country news

Country news

  • July 25, 2014

    Cape Wind offshore project to gets financing and DOE commitment

    The U.S. Department of Energy announced the first step toward issuing a US$150 million loan guarantee to support the construction of the Cape Wind offshore wind project with a conditional commitment to Cape Wind Associates, LLC. Read more
  • July 25, 2014

    Guggenheim Partners invests in natural gas-fired generation projects

    NTE Energy has secured an investment for its three natural gas-fired power plants that are currently under development. This investment will allow NTE Energy to complete the development of these projects, valued at over $1.1 billion, and begin construction of all three projects next year. Read more
  • July 28, 2014

    Squire Patton Boggs bolsters energy transactional team with addition of Fernando Cano-Lasa

    Squire Patton Boggs announced last week the arrival of Fernando Cano-Lasa in the firm’s Houston office. Read more
  • July 28, 2014

    Energy Capital Partners invests $160m in Alaska oil & gas firm

    Energy Capital Partners Mezzanine Opportunities Fund announced the completion of a US$160 million investment commitment to Furie Operating Alaska, LLC, a growth-oriented independent oil & gas company. Read more
  • July 28, 2014

    SunEdison acquires Colorado’s largest solar power plant

    SunEdison has announced its acquisition of the 156 MW DC Comanche Solar project in California (USA), from renewable energy developer Community Energy. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.