Solar technology manufacturer SunEdison, Inc. has signed a 20-year power purchase agreement (PPA) with the Southern Nevada Water Authority (SNWA).
The deal will allow the SNWA to secure a large amount of its energy costs at a fixed rate. As part of the agreement, SunEdison will develop, build, own and maintain a 14MW PV power plant in Clark County, Nevada.
While water is commonly used in fossil fuel energy production, such as generating steam for turbines or flushing away fuel residue, PV plants use no water during the generation of electricity.
John Entsminger, general manager of Southern Nevada Water Authority, said: “This partnership with SunEdison expands our renewable energy portfolio to about 18 percent of our total power mix, and it provides additional stability to power costs, which ultimately benefits Southern Nevada's municipal water users. When compared with traditional power production from fossil fuels, this solar facility will also save more than 100 million gallons of water and contribute to the sustainability of our community.”
Construction on the plant will begin in early 2015 and is expected to be completed later that year. Once the plant has been completed, it will be managed by the SunEdison Renewable Operation Center (ROC), which will provide assessments and monitor the status of the project.