If you've no account register here first time
User Name :
User Email :
Password :

Login Now

Wells Fargo Invests In Nevada Solar One

Wells Fargo has made the largest equity investment in solar energy in the company’s history – in Nevada Solar One, a 64-megawatt Concentrated Solar Power plant southeast of Las Vegas. The $266 million project developed by Acciona Energy is the largest solar energy facility built in the world in 16 years.

The transaction is the first leveraged lease structured financing for a CSP plant in the U.S. Wells Fargo participated as one of three equity investors including an affiliate of Northern Trust and JPMorgan Capital Corporation who underwrote the equity and led the equity investors. Debt participants include Banco Santander and BBVA of Spain, and CAIXA of Portugal.

The electricity generated will be purchased by Nevada Power Company and Sierra Pacific Power Company through long-term power purchase agreements at fixed electricity prices.

Nevada Solar One’s solar field covers 400 acres and features more than 182,000 parabolic trough-shaped mirror panels.

Embrace Big Data
Sponsored By: UL EHS Sustainability

  
Powerful Byte - Strategies to Ingest, Digest High-Frequency Data
Sponsored By: Sphera Solutions

  
How Tracking/Managing Energy Consumption Drives Real Cost Savings
Sponsored By: Digital Lumens

  
Staying Ahead of the Curve: Strategies for Managing Emerging Regulations (NAEM)
Sponsored By: VelocityEHS

  

Leave a Comment

Translate »