NV Energy signs PPA with Ram subsidiary

In Nevada, NV Energy has signed a 20-year power purchase agreement with Clayton Valley 1, LLC, a subsidiary of Ram Power Corp., for energy that will be produced by the 32 MW Clayton Valley Geothermal Project, which is expected to be generating electricity by 2014. The PPA is subject to approval by the Public Utilities Commission of Nevada. The plant is being developed on one of five geothermal leases that Ram acquired from the Bureau of Land Management in Esmeralda County. The company says Clayton Valley has geothermal resources to produce up to 160 MW of electricity. NV Energy now has more than 1,000 MW of geothermal, solar, biomass, hydro, waste-heat recovery and wind energy under contract or in the project development stage.