Buffett's Nevada Utility Agrees to Buy 1 Gigawatt of Solar Power

(Bloomberg) -- Berkshire Hathaway Energy’s NV Energy Inc. utility agreed to buy 1 gigawatt of solar power from six new projects in the state -- enough to power more than 600,000 homes.

NV Energy plans to file a request seeking regulatory approval for the 25-year power-purchase agreements, the company said in a statement Thursday.

The projects are expected to be operational by the end of 2021 and would increase the utility’s renewable energy capacity by 47 percent, Mark Severts, an NV Energy spokesman, said in an email. Three include battery storage systems, totaling 100 megawatts.

The six projects are:

  • A 101-megawatt project near Battle Mountain, Nevada, being developed by Cypress Creek Renewables LLC and featuring 25 megawatts of battery storage
  • A 200-megawatt project east of Reno being developed by NextEra that would integrate 50 megawatts of battery storage
  • A 100-megawatt project north of Reno being developed by NextEra that would integrate 25 megawatts of battery storage
  • A 300-megawatt project north of Las Vegas being developed by 8minutenergy Renewables LLC
  • A 250-megawatt project south of Boulder City being developed by a Sempra Energy unit
  • A 50-megawatt solar project south of Boulder City being developed by Techren Solar LLC

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