NV Energy, Solar Millennium Sign MOU For Solar Development In Nevada

NV Energy Inc. and Solar Millennium LLC, together with its joint venture partner MAN Ferrostaal Inc., have entered into a memorandum of understanding (MOU) for potential development of one or more solar power facilities in southern Nevada.

The initial project under consideration is a 250 MW solar trough technology plant at a site located in Nye County that includes thermal storage, enabling the plant to produce energy beyond daylight hours during hot summer months, when electricity demand is at its highest. Plans call for the project to be completed in 2013-2014, depending on permitting, financing and other government approvals.

Under the agreement, the parties are studying thermal storage technology, which is similar to that being used at several Solar Millennium projects in Spain. They are also undertaking transmission and environmental studies, and reviewing financing options. A decision to proceed with development and construction will be subject to this ongoing research and approval by the Public Utilities Commission of Nevada.

SOURCES: NV Energy, Solar Millennium


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