Arevia Power, a U.S.-based renewable energy developer, has entered into a power off-take agreement with NV Energy for the 700-MW Libra solar-plus-storage complex in Nevada, a project costing more than $2.3 billion. The solar facility is expected to be operational by the end of 2027 and will be the largest solar-storage complex in the state.

Project to Produce 1,948,000 MWh Annually

The Libra Solar project will feature a 700-MWAC solar system paired with a 700-MW energy storage system capable of delivering 2,800 MWh of energy storage each day. Expected to generate 1,948,000 MWh annually, the project will span 5,141 acres in Mineral County, Nevada, with most of its generation tie line located in Lyon County. The development and construction phases are projected to create 1,100 jobs and provide $250 million in direct wages.

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U.S. Rep. Steven Horsford stated, “The signing of the power purchase agreement for the Libra Solar project represents a significant step in our fight against climate change. This transformative initiative will not only produce an unprecedented amount of solar energy and battery storage, but it will also create over 1,000 quality jobs and stimulate economic growth in Mineral County. I am excited to see Nevada continue to lead in renewable energy production. The positive impact of this project will be felt across our communities, particularly in the 4th District, ensuring a cleaner environment and a robust job market for years to come.”

NV Energy’s Commitment to Sustainability

NV Energy’s CEO, Doug Cannon, emphasized the company’s commitment to delivering renewable energy solutions to its customers. This partnership with Arevia Power underscores NV Energy’s dedication to sustainability and reducing carbon emissions. The integration of large-scale battery storage with solar energy aligns with the company’s vision for a cleaner, more sustainable energy future in Nevada.

Solar Project Approval Expected Through NV Energy’s IRP

The Libra Solar project is slated for approval through NV Energy’s Integrated Resource Plan (IRP), showcasing the potential of renewable energy to drive both economic growth and environmental stewardship. The project, along with other solar and battery PPAs, will help meet renewable energy standards, ensure reliable energy access for customers, and support Nevada’s transition to cleaner energy sources.

Key components of the IRP include three significant solar and battery power purchase agreements (PPAs) that total over 1,000 MW of solar energy and more than 1,000 MW of battery storage. Among these, the Libra Solar project stands out with a proposed capacity of 700 MW and a 700 MW, 4-hour battery (2,800 MWh).

These PPAs, which are built, owned, and operated by third parties, will sell their energy output to NV Energy at a fixed cost. Such projects are instrumental in helping NV Energy meet state renewable energy standards while providing fixed-cost energy to customers. They also play a crucial role in meeting energy demand during peak times.

Arevia was advised by Patrick Groomes and Brenda Hanzl, who also advised the company in its prior negotiations with NVE on the 690-MW Gemini solar and BESS project.

Strategic Collaboration and Future Prospects

By partnering with Arevia Power on the Libra Solar project, NV Energy is taking a significant step toward achieving its renewable energy goals. This collaboration exemplifies the power of public-private partnerships in advancing sustainable energy initiatives. As the project progresses, it is expected to set new benchmarks for renewable energy projects in Nevada and beyond.