Utility Dive reported on NV Energy's announcement of three projects adding 1,200 MW of solar and 560 MW of battery storage exceeding the utility's goal to double its renewable energy output by 2023. The piece included reaction by AEE's Ray Fakhoury. See excerpts below and read the entire Utility Dive piece here.
NV Energy has continued to ramp up its clean energy goals and proposals as demand mounts for low-cost renewables, especially from large-scale business customers.
Under state legislation passed in April, NV Energy and any power provider in the state that provides 1 million MWh or more of power has to generate 50% of its power from renewable resources by 2030 and 100% from carbon-free sources by 2050.
The utility was beset with a growing number of customers applying to exit its service in 2018 and going into this year, as retail power provider prices became more competitive...
"What drove that dash is, I think to a certain degree, ... that [large customers] saw … they could procure and be self reliant, and be able to manage and be on top of their own investments, and they can do it cost effectively," Ray Fakhoury, a principal at Advanced Energy Economy, told Utility Dive.
Read the entire Utility Dive piece here.