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NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

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Emera to Sell Three Combined-Cycle Power Plants in New England

LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.

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Industry News

First Solar Starts Operations of the 250-MW Moapa Southern Paiute Solar Project

LCG, March 22, 2017--First Solar, Inc. Friday held the commissioning ceremony for the Moapa Southern Paiute Solar Project, located approximately 30 miles north of Las Vegas on the Moapa River Indian Reservation. The power generated by the 250-MW solar photovoltaic (PV) project will be purchased under a 25-year power purchase agreement (PPA) with the Los Angeles Department of Water and Power(LADWP).

First Solar built and will operate the Moapa Southern Paiute Solar Project, which includes over 3.2 million advanced First Solar thin film PV solar panels.

First Solar's Chief Commercial Officer stated, "We look forward to doing more projects like this in Nevada. Our PV technology is setting the standard for affordable, clean renewable energy. By continuously innovating, we are driving down the cost of solar electricity and providing a solution that addresses energy security and water scarcity. We are delivering on our commitment to build a more sustainable energy future."

The Senior Assistant General Manager of the LADWP Power System said, "We are very excited to begin receiving this clean renewable energy from the Moapa Southern Paiute Solar Project, which will significantly help the City of Los Angeles to achieve 33 percent of all energy from renewable resources by 2020 and 50 percent by 2025."
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