SolarReserve to get tax-equity investors for CSP plant in Nevada

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
SolarReserve to get tax-equity investors for CSP plant in Nevada

SolarReserve is set to receive tax-equity investment for the 110-MW Crescent Dunes concentrated solar power (CSP) project in Nevada, USA.

Last week, the company filled an application for authorization of the transaction with the Federal Energy Regulatory Commission (FERC). The tax-equity investors are: One Financial Corporation, Mitsubishi UFJ Financial Group Inc and Toyota Tsusho Corp.

Located in Nevada, the plant is the first utility-scale facility in the world to feature advanced molten salt power tower energy storage capabilities. The project will deliver enough electricity to power 75,000 homes in Nevada during peak demand periods.

The project will be the only operating utility scale molten salt power tower on the planet.

The energy produced by the plant will be sold through a 25-year power purchase agreement (PPA) with NV Energy.

Share this news