A second photovoltaic power plant project, in the Americas Southwest, has been acquired by the Southern Company and Ted Turners renewable-energy venture. The acquisition brings the strategic partnerships 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 Companys "diverse fuel mix" in the region.
In a statement announcing the projects sale, Ahmad Chatila, the CEO of SunEdisons 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 plants ongoing operations and maintenance.