EDF Renewable Energy announced the acquisition of the 179MWac Switch Station 1 and Switch Station 2 Solar Projects from First Solar, Inc. in late June. The projects will sell their combined output and environmental attributes under three Power Purchase Agreements to subsidiaries of NV Energy, Inc.; Commercial Operation Dates (COD) for the two projects are scheduled for late July 2017 and late September 2017, respectively.
"The acquisition of Switch Station 1 and Switch Station 2 marks EDF RE's entry into Nevada, a state with world-class solar resources where we plan to build additional projects in the coming years," commented Ryan Pfaff, Executive Vice President of EDF Renewable Energy. "We are pleased to be working with First Solar, one of our key solar partners, to deliver affordable, reliable solar energy to NV Energy and its customers."
"This is an exciting development in our long-standing relationship with EDF," said Richard Romero, First Solar Vice President of Treasury and Project Finance. "There is great value in our shared ability to creatively structure a deal that meets both partners' needs."