NV Energy Signs PPA With American Capital Energy

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NV Energy Inc. and American Capital Energy have entered into a long-term power purchase agreement (PPA) for the sale of energy produced from a 20 MW solar photovoltaic power plant that will be constructed near Searchlight, Nev., 55 miles south of Las Vegas.

The project, expected to be completed by mid-2010, will be larger than the 14 MW photovoltaic facility completed in 2007 at Nellis Air Force Base, the companies note. Terms of the PPA, which is subject to approval by the Public Utilities Commission of Nevada, were not disclosed.

SOURCES: NV Energy, American Capital Energy

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