NV Energy unveiled its new NVision Plan last week, a policy initiative that proposes shutting down coal plants and investing in new renewable energy and natural gas generation. On the surface, that sounds great – shuttering coal plants, reducing carbon emissions, increasing investment in renewable energy and creating jobs. All good things, right?
Nevada lawmakers are considering significantly increasing the amount of rooftop solar energy systems on the state’s homes and businesses – a move that would empower energy consumers to go solar and provide local economic opportunity in one fell swoop.
Nevada already has a strong track record of
Ormat Technologies, Inc. announced this week that it has signed a 20-year power purchase agreement (PPA) with NV Energy, Inc. for the purchase 30 megawatts (MW) from the McGinness Hills Geothermal project, which is currently under construction.
The PPA is subject to various approvals including the approval of the Public Utilities Commission of Nevada and is projected to come on line in 2012.
When completed, the McGinness Hills project will increase the total output supplied from Ormat to NV Energy, Inc. to approximately 135 MWs, helping NV Energy to meet its renewable energy requirement. Nevada’s renewable portfolio standard legislation requires 15 percent of all electricity generated in the state to be derived from new renewable energy sources by the end of 2012.