Nevada Power Signs Solar Contract

January 03, 2003

Nevada Power in Las Vegas signed a contract on December 20th for purchase of 50 megawatts (MW) of solar power. Although the Nevada Public Utility Commission must approve the contract before it can move ahead, it represents one of the largest purchases of solar energy in U.S. history. The company made the purchase in order to comply with the state's renewable energy portfolio standard for 2005. Nevada requires an increase of purchases of renewable electricity of 2% per year every third year. Eventually, 5% of the state's electricity must come from solar energy.

Nevada Governor Kenny Guinn said of the purchase, "This contract represents a large investment in our economy and will make Nevada the second largest producer of solar energy in the country." For details, see the utility's press release.