NV Energy exceeds Nevada’s renewable energy mandate for 2016

Published on April 17, 2017 by Daily Energy Insider Reports

NV Energy recently filed its 2016 Renewable Portfolio Standard Annual Report with the Public Utilities Commission of Nevada, which shows that the company exceeded Nevada’s required standard of 20 percent renewable credit level based on total retail energy sales.

The company attained a 22.2 percent renewable credit level in southern Nevada and 26.6 percent level in northern Nevada, according to the report.

Last year marks the seventh consecutive year that NV Energy has surpassed the state’s renewable energy mandate.

NV Energy’s 43 separate renewable energy projects with a combined capacity of over 1,460 megawatts (MW) contributed to 2016’s credit levels. Geothermal resources make up the majority of NV Energy’s renewable portfolio. A third of its renewable energy comes from solar. Nineteen geothermal energy plants, 14 universal-scale solar fields, six hydro projects, five biomass or methane projects and one wind farm currently supply power to NV Energy customers.

The company is also either developing or constructing four new large-scale solar projects, which together would have a capacity of approximately 480 MW.

The recent shutdown of the coal-fueled Reid Gardner Generating Station also contributed to the company’s 2016 renewable credit levels. Coal now accounts for approximately six percent of the company’s generation. The majority of energy comes natural gas plants.