Nevada: 20 MW project acquired by Ted Turner and Southern Company02. July 2012 | Markets & Trends, Global PV markets, Applications & Installations | By: Jonathan Gifford
Through a strategic alliance, formed in 2010, Turner Renewable Energy and Southern Company have acquired a 20 megawatt (MW) photovoltaic power plant in Nevada. The plant was built by SunEdison and will be completed during the third quarter of 2012.
A second photovoltaic power plant project, in the America’s Southwest, has been acquired by the Southern Company and Ted Turner’s renewable-energy venture. The acquisition brings the strategic partnership’s photovoltaic assets in the region to 50 MW.
The Apex Solar Project is located north of the Nevada city of Las Vegas, and was built by SunEdison using 88,000 Trina Solar modules. It will supply electricity under a 25-year PPA to the Nevada Power Company. After its acquisition by Turner and Southern Company, announced late last week, it adds more photovoltaics to Southern Company’s "diverse fuel mix" in the region.
In a statement announcing the project’s sale, Ahmad Chatila, the CEO of SunEdison’s parent company MEMC, commented that as more utilities look to increase the amount of renewable energy as a part of their portfolio, solar is continuing to move towards grid parity. "We are delighted that Southern Company and Turner Renewable Energy share our commitment to the value of solar energy and to developing and operating solar projects as a clean and renewable source of energy."
Construction began on the Apex Solar plant in October 2011 and SunEdison will be responsible for the plant’s ongoing operations and maintenance.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!