USA, Nevada: 472 MW Geothermal Energy Helps Silver State Surpass Renewable Portfolio Standard Requirement

NV Energy Exceeds Nevada's Renewable Requirement for Eighth Straight Year (News Release)

Company achieved an overall 23.8 percent Renewable Portfolio Standard in 2017, ahead of Nevada's 20 percent requirement. Geothermal energy contributes 472 MW from 19 plants.

NV Energy filed its 2017 Renewable Portfolio Standard (RPS) Annual Report with the Public Utilities Commission of Nevada (PUCN), showing that the company achieved a 25.5 percent renewable energy and related credits level in northern Nevada and 23.1 percent in southern Nevada, for a combined weighted average of 23.8 percent.

This is the eighth year in a row that NV Energy has exceeded the state’s renewable energy requirement, which currently sits at a 20 percent level. Separate from this legislated mandate, NV Energy has set a goal to double its renewable energy portfolio by 2023.

Currently NV Energy customers benefit from 46 separate renewable energy projects in Nevada, which include 19 geothermal plants, 16 solar fields, six hydroelectric resources, four biomass or methane gas facilities and one large wind farm. Five additional large solar fields are being constructed or developed for NV Energy customers, which are located in both northern and southern Nevada areas.

Additionally, the company and an independent evaluator are reviewing more than 100 bids for renewable energy projects and battery-energy storage systems proposed for 26 separate sites throughout Nevada. The winning bids will be submitted for approval to the PUCN by June 1, 2018.

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