Voters Raise Nevada Renewables Goal to 50%; NV Energy Has $2B Plans
Published on November eighth, 2018 |
by means of Charles W. Thurston
November eighth, 2018 by means of Charles W. Thurston
Nevada citizens authorized a measure (Question 6) to building up the renewable power portfolio same old for state utilities from 15% in 2025 to 50% by means of 2030, a objective for which NV Energy is getting ready with $2 billion price of requests for proposals this 12 months.
On the opposite hand, Nevada citizens squashed a special electrical energy application measure (Question three) with an similarly lofty objective of finishing the digital monopoly for NV Energy within the state, in spite of really extensive groundswell prior to the Nov. 6 vote.
Las Vegas-based NV Energy serves 1.four million consumers right through Nevada and greater than 43 million vacationers yearly, the corporate experiences. NV Energy Inc. is a preserving corporate whose essential subsidiaries, Nevada Power Company and Sierra Pacific Power Company, do industry as NV Energy.
The renewable portfolio measure was once an initiative subsidized by means of NextGen Climate Action, a PAC funded by means of financial activist Tom Steyer. The measure additionally was once supported by means of the Solar Energy Industries Association (SEIA) and Sierra Club.
The application was once in large part quiet at the renewable portfolio measure prior to the vote. “NV Energy remained neutral on Question 6 throughout the election. We support renewable energy growth in Nevada and are moving forward on our commitment to double renewables by 2023,” says Kristen Saibini, a senior company verbal exchange specialist.
NV Energy CEO Paul Caudill in June uncloaked the application’s 2018 Integrated Resource Plan (IRP), filed with the Public Utilities Commission of Nevada, which can lend a hand the corporate meet the brand new renewables mandate. The IRP features a proposal to upload six new photovoltaic solar power crops with a blended capability of shut to 1 gigawatt and a number of other battery garage initiatives with a blended capability of 100 megawatts/400 MWh within the state. These would double the the application’s renewable power technology capability by means of 2023.
These six initiatives could be added to NV Energy’s present portfolio of 51 geothermal, sun, hydro, wind, biomass, and supported rooftop sun initiatives – bringing the application’s overall renewable power portfolio to greater than three.2 GW of renewable power in Nevada, the corporate profile signifies.
Moving a step nearer, on October 16, NV Energy issued a request for proposals (RFPs) that might upload no less than 350 MW of renewable power initiatives, probably together with sun, geothermal, wind, biomass and biogas generation initiatives, in addition to power garage connected to the precise undertaking proposal. Bids are due December 10, and decided on initiatives will require approval of the PUCN.
“The six new projects (outlined in the IRP) position NV Energy to keep its commitment to double renewable energy by 2023 and, importantly, by diversifying our state’s electricity generation portfolio, will reduce the costs to serve customers,” stated Caudill. “We calculate that the direct investment in Nevada’s economy, which includes the cost of construction, will be greater than $2 billion,” he stated.
At the time of the most recent RFP announcement, Doug Cannon, NV Energy’s president stated, “This newest effort keeps NV Energy on the path to achieving our longer-term goal of serving customers with 100% renewable energy.” He added that “Similar to the 1,001-megawatts we announced with Governor Sandoval in May of this year, we expect these new projects to provide both construction and permanent jobs and significant direct economic benefits.”
The October RFP adopted a May RFP calling for bids on over 1 GW of recent renewable power sources and on 100 megawatts of battery power capability. Three of the May RFP initiatives are slated for northern Nevada and 3 for southern Nevada.
Among the six initiatives known as for within the IRP that can be decided on below the RFPs, one this is earmarked for an influence acquire settlement with the application is the 300 MW Eagle Shadow Mountain Solar Farm to be positioned north of Las Vegas on land owned by means of the Moapa Band of Paiutes. The undertaking is being evolved by means of 8minutenergy Renewables, an impartial sun and garage developer founded in Folsom, CA. The corporate has 7.five GW of sun PV and 1 GW of garage below construction in North America.
A 2nd sun plant earmarked for a PPA is the 250 MW Copper Mountain Solar five undertaking in Eldorado Valley, simply south of Boulder City, Nevada. It is being evolved by means of Sempra Renewables, a subsidiary of Sempra Energy, a developer of renewable power. Sempra and its companions in combination personal and perform just about 2.6 GW of renewable producing capability serving 11 states.
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