Nevada-based NV Energy’s new and regulator-approved integrated resource plan will dramatically reorient the utility’s future generation mix toward renewables and storage, while also phasing out its remaining coal power beginning in three years.
The Public Utility Commission of Nevada has approved NV’s long-term IRP to double its renewable energy capacity by 2023. The utility will bring 1,001 MW of solar capacity online via six new power purchase agreements (PPAs).
NV Energy, owned by a unit of Warren Buffett’s Berkshire Hathaway, also will add 100 MW in battery storage capacity.
“Earlier this year we made a promise to our customers that we would double our renewable energy by 2023 and today’s decision puts us closer to reaching that goal, as well as to our long-term commitment to serve them with 100 percent renewable energy,” said Doug Cannon, NV Energy President, in a statement. “These six new projects, which represent the largest renewable energy investment in Nevada’s history, will also bring great economic benefits to our state.”
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