NV Energy cleared to buy over 1 GW of solar, storage projects in Nevada

The Patua solar project site in Nevada. (Photo: Business Wire)

January 25 (Renewables Now) - Nevada utility NV Energy has obtained regulatory approval in its home state to buy 600 MW of solar projects with 480 MW of battery storage capacity from Primergy Solar LLC.

The final nod came from the Public Utilities Commission of Nevada and will enable NV Energy to purchase Iron Point Solar, a 250-MW AC solar farm with a 200-MW four-hour battery component, and Hot Pot Solar, a 350-MW AC solar farm coupled with a 280-MW four-hour battery.

Financial details about the deal were not available.

Both projects are located in Humboldt County, Nevada and are being developed by Primergy. The latter is a portfolio company of investment manager Quinbrook Infrastructure Partners. Primergy acquired the projects last spring from Avangrid Renewables LLC, a unit of US clean energy company Avangrid Inc (NYSE:AGR).

Primergy and NV Energy entered into build-transfer agreements for the schemes last year. Once in operation, the two power plants will be capable of supplying 127,000 homes in Nevada. Iron Point Solar is due to go online in December 2023, and Hot Pot Solar will be commissioned a year later, by December 2024.

Construction works are planned to commence in the second half of 2022.

The solar-storage plants are set to replace the capacity of the 522-MW North Valmy coal-fired plant in Nevada, which is co-owned by NV Energy and is facing an early retirement.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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