SunEdison sells 30 MW Nevada project

In the second such deal in a matter of months, SunEdison – a subsidiary of MEMC Electronic Materials Inc. – has announced the sale of a Nevada photovoltaic power plant project. The Spectrum project, worth 30 MW, will add to the 20 MW Apex project the company developed and sold in the same county and to the same buyers.

The Spectrum project will sell electricity under a 25-year PPA with the Nevada Power Company.

"The Spectrum project represents not only a strengthening relationship with Southern Company, but also a strengthening commitment and presence in the Nevada market, both of which make us proud," commented Carlos Domenech, President of SunEdison. "While we pride ourselves on our capabilities and track record, the success of this project is due in large part to support from many, including NV Energy, U.S. Senator Harry Reid and several state and local officials."

The two power plants build on SunEdison’s efforts in the photovoltaic space, after it installed around 300 MW of new generating capacity in 2011.

The Spectrum array will employ tracking technology and, given the installations size, will be the biggest tracking installation in the country, Southern Company claims.

"Southern Company is committed to energy innovation and leads our industry in proprietary research and development," said Southern Company Chairman, President and CEO Thomas A. Fanning. "This project pushes the boundaries of solar energy by harnessing the power of large-scale tracking technology."