Solar, Storage

NV Energy, Solar Millennium & MAN Ferrostaal To Develop 250-MW of Solar Thermal

Solar Millennium is cooperating with NV Energy Inc. for the development of large solar-thermal power plants. Solar Millennium LLC, the company’s American subsidiary, NV Energy and MAN Ferrostaal Inc. signed a memorandum of understanding (MOU) for the joint development of projects in the Amargosa Desert.

A large part of the development process will be the design of a parabolic trough power plant with a capacity of 250 megawatts (MW) and thermal storage technology, of the type already used by Solar Millennium in the Andasol 1 and 2 projects in Southern Spain. Solar Millennium began with the development of the project about two years ago. The parties also plan to cooperate in the development and implementation of further solar-thermal power plants in Southern Nevada.

“Solar technologies have been making great strides in the last several years. Solar-thermal power plants with thermal storage technology are capable of providing reliable power supply, and they will be part of the future energy mix. Such projects can also be an important boost to the local economy,” said Michael Yackira, CEO of NV Energy.
The investment volume for the project is expected to be  more than US $1 billion. For the construction approximately 1,000 people will be provided with work over a period of two to three years. As a first step under the agreement, the parties are undertaking various energy transmission and environmental studies, as well as developing financing options, which will then be thoroughly inspected by the Public Utility Commission of Nevada.