Biden administration raises record $105 million in Nevada solar energy auction By Reuters


© Reuters. FILE PHOTO: An array of solar panels point to the Nevada sky as they generate electricity for use on Nellis Air Force Base in Las Vegas, Nevada May 27, 2009. REUTERS/Jason Reed/File Photo


(Reuters) – The Biden administration said on Wednesday it raised $105 million from solar power developers at a lease auction covering 23,675 acres of Nevada desert this week, making it the highest-yielding federal onshore renewable energy auction to date.

NV Energy Inc led the Tuesday auction with more than $80 million in high bids for two parcels in the Amargosa Valley Solar Energy Zone, according to the Bureau of Land Management.

NextEra Energy (NYSE:) Resources subsidiary Boulevard Associates, and Leeward Renewable Energy subsidiary Silver Star Solar picked up the remaining two parcels, with winning bids of $21 million and $2.3 million, respectively, BLM said.

“This record-breaking auction for solar energy development is further evidence that the demand for clean energy has never been greater,” Interior Secretary Deb Haaland said in a press release about the auction.

The Interior Department said it expects the leases to eventually yield 3 gigawatts of power to the grid.

See also  Open banking will reach 304M users by 2026

The administration of President Joe Biden is seeking to expand renewable energy development on federal lands as part of a multi-pronged effort to fight climate change.

Source link

(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)

We will be happy to hear your thoughts

Leave a reply