Renewable energy is not a new phenomenon for NV Energy. The company signed its first contract for geothermal power in 1983, and just this past year, we surpassed the renewable energy threshold of one gigawatt (1,000,000,000 watts) under contract. NV Energy’s long-standing renewable energy commitment has resulted in one of the most diverse and extensive renewable energy portfolios in the United States.
Additionally, Nevada’s Portfolio Standard is one of the most aggressive in the nation, with a requirement that at least 25 percent of the company’s retail energy sales be derived from renewable energy resources by 2025. Noteworthy are innovative provisions of the standard allowing up to 25 percent of sales from energy efficiency and a minimum requirement of 6 percent of the standard to come from solar resources.
NV Energy also is actively involved in promoting customer-installed facilities through our RenewableGenerations program offering rebates for solar, wind and hydro projects. To date, over 1,400 projects totaling more than 38 megawatts are installed at homes, businesses, public buildings and schools.
NV Energy is committed to renewable energy, and continues to develop our plentiful resources for the benefit of our state, our customers and the environment we all share.