SolarReserve plans 2GW CSP plant in Nevada

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Large-scale solar developer SolarReserve has announced plans for the world's largest CSP plant. Source: SolarReserve

California’s SolarReserve has announced plans earlier this week to build the world’s largest solar project – an up to 2GW US$5 billion concentrated solar power (CSP) plant in Nevada.

The Sandstone array would require at least 100,000 mirrors and 10 towers, each with an accompanying molten salt system for energy storage purposes, according to SolarReserve CEO Kevin Smith.

In awe of the “big and ambitious” project, Smith told a local news outlet that the project could generate enough power, at a capacity between 1.5-2GW, to supply electricity to around one million homes. Although SolarReserve has already built an 110MW CSP plant in Tonopah worth US$1 billion, this latest venture would far exceed anything the company has ever done.

Moving forward, the company expects to locate a site, roughly 6,500 hectares, within the next six to nine months. A short-list of potential project sites has been made, with both final choices on federal land in Nye County.

Construction on the mammoth project is not likely to start before another two or three years, whilst the final logistics are settled. Once operational, Smith revealed that the project should create around 3,000 jobs. Funding for the project is expected to come from commercial financing, although the company is reportedly exploring federal loan programmes. However, subsidies for utility-scale CPS projects have recently been under scrutiny; following House Republicans reviewing federal loans in response to financial and environmental concerns triggered by Ivanpah.

In any event, no PPAs have been secured for Sandstone yet, but once they have, Smith expects the project to export most of its power to the California market.

Read Next

January 26, 2022
Proposed changes to California’s net metering (NEM) incentive programme will severely reduce residential PV’s value proposition in the state, cutting its solar market in half by 2024, Wood Mackenzie has warned.
January 26, 2022
Home security giant ADT is evolving from a security company to a smart home company, with around 80% of its revenue coming from its smart home business, said its president and CEO Jim DeVries
January 25, 2022
Regulators in Nevada have paved the way for two solar-storage hybrid projects to replace a legacy coal power plant in the US state, approving their sale to utility NV Energy.
January 24, 2022
Italy’s government will limit the windfall profits of some feed-in tariff-backed solar PV projects that have been able to benefit from rising energy prices.
January 24, 2022
More than 260 companies in the US clean energy sector are demanding urgent action on the US$1.75 trillion Build Back Better (BBB) Act, claiming that US$2 billion is being lost in economic activity every month the long-awaited bill is delayed.
January 24, 2022
The average cost of forecasting errors in the US is lower than previously thought at less than US$1/MWh, according to a study by Berkeley Lab that employed a new, publicly available method to examine the practice.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany