Two Nevada Primergy Solar+Storage Projects Receive Approval for Sale to NV Energy

NV Energy received final approval from Nevada’s Public Utilities Commission (PUCN), to purchase from Primergy Solar LLC, the Iron Point and Hot Pot Solar PV projects and battery storage facilities in Humboldt County. Primergy owns and is developing these projects. They combine 600MW AC solar power with 480MW of battery storage. Once operational, they will replace the North Valmy Generating Station. Quinbrook Infrastructure Partners has Primergy as a portfolio company.

Primergy and NV Energy signed build transfer agreements for sale and purchase of the project. NV Energy filed for approval at the PUCN on July 1, 2020.

“We are pleased that the PUCN has approved these milestone renewable energy projects that will help advance Nevada’s net zero carbon goals,” says Ty Daul, CEO at Primergy. “These projects demonstrate the important role that solar + storage can play in replacing coal generating plants with clean and low-cost renewable energy. The state’s portfolio in Nevada represents a significant multi-billion-dollar investment into new energy infrastructure. We are proud to be bringing reliable, safe and cost-effective carbon free power to homes and businesses across Nevada.”

Iron Point Solar Project, a 250 MW AC system paired up with 200 MW of storage, is expected to go into service in December 2023. Hot Pot Solar Project, a 350 MW AC system that pairs with 280 MW battery storage, is expected to go into service in December 2024.

“This is yet another bright day in Primergy’s stellar growth and achievements and further cements the market leadership position the team has so quickly established in the U.S.,” states David Scaysbrook, managing partner of Quinbrook. “We are particularly delighted with the further vote of confidence shown by NV Energy in selecting Primergy and Quinbrook to help deliver their ambitious renewables goals with Iron Point and Hot Pot. Together with Gemini, Quinbrook is making a substantial investment in Nevada which we are confident will serve our investors well for many decades to come.”

Primergy’s Nevada portfolio now exceeds 1,300 MW AC of solar and 3,330 MWh of battery energy storage systems. The company’s presence in Nevada is anchored by the $1.2 billion Gemini Solar Project where preliminary construction is under way and operations are scheduled to commence in late 2023.