Southern Power Buys Majority Stake In Nevada Solar Project

Posted by Joseph Bebon on November 17, 2016 No Comments
Categories : Projects & Contracts

Southern Power, a Southern Co. subsidiary, has acquired a controlling interest in the 100 MW Boulder Solar I Facility in Nevada from SunPower Corp., which will own the remaining interest in the project. Terms of the deal were not disclosed.

The Boulder Solar I Facility is located in Clark County, approximately 20 miles southeast of Las Vegas. Project construction began in January, and the facility is expected to begin commercial operation in December. SunPower developed, designed and constructed the plant, and it will operate and maintain it upon completion. NV Energy will purchase the electricity and associated portfolio energy credits generated by the facility under a 20-year power purchase agreement.

“Our recent acquisition of the Boulder Solar I facility underscores Southern Power’s growing success in acquiring and developing utility-scale solar across the U.S.,” says Southern Power President and CEO Buzz Miller. “This project aligns with our business model as we strategically develop our renewable portfolio.”Southern Power notes that it co-owns two additional solar facilities in Nevada: the 20 MW Apex Solar Facility and the 30 MW Spectrum Solar Facility.

Ty Daul, SunPower’s senior vice president of Americas power plants, adds, “We are proud to partner with Southern Power to deliver long-term value to Nevada customers through the Boulder Solar I Facility.”

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