Nevada power utility NV Energy has agreed as part of a 25-year power purchase agreement (PPA) to buy the output of NextLight Renewable Power’s 50-megawatt Silver State Solar Power photovoltaic facility, located near Primm, Nev.
The Silver State solar project is on Bureau of Land Management land and is slated to begin operating in May 2011.
NV Energy currently has more than 1,200 megawatts of geothermal, solar, biomass, waste-heat recovery and wind energy under contract that are either in commercial operation or in the project development stage.
NextLight is backed by Energy Capital Partners, a clean energy-focused private equity fund based in Short Hills, N.J., founded by former Goldman Sachs energy banker Doug Kimmelman.
Back in October we reported that NextLight had signed a long-term PPA with San Francisco-based Pacific Gas and Electric (PG&E) for the output of its 290-megawatt Agua Caliente solar project in Arizona.