SunPower (Nasdaq: SPWR) has signed a 20-year power purchase agreement with NV Energy to build a 100-MW (ac) solar photovoltaic (PV) facility to be constructed in the Eldorado Valley of Boulder City, Nevada.
“Today, power generated from solar plants is cost-competitive with power from traditional, fossil fuel burning plants – and becoming more cost-competitive every day,” said Tom Werner, SunPower CEO and president, in a July 23 statement. “Increasingly, utilities are adding solar to their energy mix to ensure their customers are taking advantage of the reliable and emission-free power of the sun. We are pleased to partner again with NV Energy to enable more Nevada homes and businesses to take advantage of the state’s abundant solar resource.”
The project, called Boulder Solar, is anticipated to commence before the end of 2015, with commercial operation planned in 2016. SunPower acquired the project earlier this year from KOMIPO America Inc. KOMIPO America is a wholly-owned subsidiary of Korea Midland Power Co. Ltd. and was the original lead developer for the project. KOMIPO America will participate in the construction and operation of the project. The power purchase agreement with NV Energy is subject to approval by the Nevada Public Utilities Commission.
SunPower said it expects to offer the Boulder Solar project for sale to 8point3 Energy Partners LP (Nasdaq: CAFD), the new “yieldco” joint venture formed by SunPower and First Solar.
At the site, SunPower plans to design and build a SunPower Oasis Power Plant system. Oasis is SunPower’s fully integrated, modular solar power block solution for utility-scale solar projects that is designed to optimize land use and engineered for rapid, cost-effective installation.
SunPower noted that it has two solar power plants under construction currently in Nevada: a 15-MW (ac) plant at Nellis Air Force Base; and a 19.9-MW (ac) plant in Lyon County. A 13.2-MW (ac) SunPower plant has been operational at Nellis Air Force Base since 2007.
SunPower designs, manufactures and delivers solar panels and systems. Headquartered in San Jose, Calif., SunPower has offices in North and South America, Europe, Australia, Africa and Asia.