U.S. PV solar systems company First Solar announced this week the sale of its 250 MW Silver state South solar plant project to NextEra Energy for an undisclosed sum.
Initiated by First Solar for 100 MW smaller than planned in order to comply with local regulations (chief of which is a pledge to protect the natural habitat of the desert tortoise), the Nevada solar park will cover 3,000 acres of land in Clark County once complete.
NextEra Energy one of the largest clean energy providers in the U.S. will sell the solar energy produced at the plant to Southern California Edison as part of a long-term power purchase agreement (PPA). First Solar, meanwhile, will provide engineering, procurement and construction (EPC) services to the plant.
The Silver State South solar park will sit adjacent to the 50 MW Silver State North solar park, which remains in First Solar’s hands after being commissioned in 2012. Pre-construction planning for the South park has already begun, with completion penciled in for late 2016. During construction peak, the Silver State South park will create more than 500 full-time jobs in the region.
"Silver State South demonstrates the deep value First Solar provides through our vertically integrated capabilities," said First Solar senior VP of business development for the Americas, Tim Rebhorn. "We have an unmatched ability to offer industry-leading module technology, best-in-class design and construction that includes single-axis tracker and proven balance of system components."
NextEra Energy senior VP of development Mike O’Sullivan remarked that the acquisition of such a plant was "another milestone for NextEra as we continue to build our solar business", adding that the company is looking forward to working with First Solar to make the project a reality.