First Solar Sells Two Solar Projects in Nevada

First Solar shares rose marginally in Friday’s pre-market trade after the company divested the 179 megawatt AC (MWac) Switch Station 1 and Switch Station 2 Solar Projects to independent power producer EDF Renewable Energy in late June. The projects, currently under construction, will sell their combined output and environmental attributes under three power purchase agreements to subsidiaries of NV Energy, Inc. — Nevada Power Company d/b/a NV Energy and Sierra Pacific Power Company d/b/a NV Energy.

Commercial operation dates for the two projects are scheduled for late July 2017 and late September 2017, respectively. Located in Clark County, Nevada on land managed by the US Bureau of Land Management in the Dry Lake Solar Energy Zone, the projects are comprised of First Solar modules on horizontal single-axis trackers. The expected electricity generated at full capacity is enough to meet the consumption of about 46,000 Nevada.homes.

By Garrett Hatch