Nevada’s Gigawatt 1 Solar Bet

Cheap Solar Energy Makes a Big Bet in Nevada

Nathaniel Bullard, February 9, 2018 (American Journal of Transportation)

“…Swiss asset manager Capital Dynamics AG will build a one-gigawatt portfolio of solar farms in Nevada, one of the largest such projects in the U.S., with technology infrastructure company Switch Inc. as an ‘anchor tenant.’ The two companies expect the cost of power generated by Gigawatt 1 to be significantly lower than what the local utility charges…Gigawatt 1 is 16 times larger than a 60-megawatt solar farm in North Carolina that signed on the Massachusetts Institute of Technology as its anchor tenant in 2016…Switch’s Northern Nevada data center will require more than 10 times as much electricity as MIT’s project could instantaneously provide…Switch is paying millions [to incumbent utility NV Energy] in exit fees to join Gigawatt 1; Capital Dynamics says it offers financing options for those exit fees to companies looking to join the project…” click here for more

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