ENERGY STORAGE

Arevia Power signs NV Energy PPA for Nevada’s ‘largest solar-storage project’

June 11, 2024

Arevia Power has signed a power purchase agreement with NV Energy for the largest solar energy and battery storage project in Nevada, the $2.3 billion Libra Solar project, which features a 700 MWAC solar energy system paired with a 700 MW / 2,800 MWh battery energy storage system.

This ground-breaking project, valued at over $2.3 billion, represents the “most significant investment in renewable energy in the state’s history”, Arevia Power said in a statement. Expected to be in service by the end of 2027, the project will be about 20 miles south of the Fort Churchill substation in Yerington, near the Mineral County/Lyon County border.

The project is set to produce 1,948,000 MWh per year. Spanning 5,141 acres of land in Mineral County, Nevada, the venture is set to create 1,100 jobs during its development and construction phases, “providing $250 million in direct wages”, Arevia Power said.

“This agreement marks a significant milestone in our journey toward a sustainable energy future,” said Mark Boyadjian, managing partner of Arevia Power. “The Libra Solar project reflects our dedication to pioneering large-scale renewable energy solutions that will significantly impact Nevada’s energy landscape, creating jobs, stimulating the economy, and contributing to a sustainable future for generations to come.”

Doug Cannon, chief executive officer of NV Energy, added: “NV Energy is committed to a future that provides renewable energy to all our customers, where large-scale, and cost-effective solar solutions make up a substantial portion of Nevada’s energy generation. “NV Energy is committed to a future that provides renewable energy to all our customers, where large-scale, and cost-effective solar solutions make up a substantial portion of Nevada’s energy generation.”