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Biden administration raises record $105 million in Nevada solar energy auction

Published Jun 28, 2023 02:54PM ET Updated Jun 28, 2023 04:44PM ET
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3/3 © Reuters. FILE PHOTO: An array of solar panels point to the Nevada sky as they generate electricity for use on Nellis Air Force Base in Las Vegas, Nevada May 27, 2009. REUTERS/Jason Reed/File Photo 2/3
 
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(Reuters) - The Biden administration said on Wednesday it raised $105 million from solar power developers at a lease auction covering 23,675 acres of Nevada desert this week, making it the highest-yielding federal onshore renewable energy auction to date.

NV Energy Inc led the Tuesday auction with more than $80 million in high bids for two parcels in the Amargosa Valley Solar Energy Zone, according to the Bureau of Land Management.

NextEra Energy (NYSE:NEE) Resources subsidiary Boulevard Associates, and Leeward Renewable Energy subsidiary Silver Star Solar picked up the remaining two parcels, with winning bids of $21 million and $2.3 million, respectively, BLM said.

“This record-breaking auction for solar energy development is further evidence that the demand for clean energy has never been greater," Interior Secretary Deb Haaland said in a press release about the auction.

The Interior Department said it expects the leases to eventually yield 3 gigawatts of power to the grid.

The administration of President Joe Biden is seeking to expand renewable energy development on federal lands as part of a multi-pronged effort to fight climate change.

Biden administration raises record $105 million in Nevada solar energy auction
 

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Comments (2)
Maximus Maximus
Maximus Maximus Jun 28, 2023 9:32PM ET
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democrats look to the future, while the republicans want to reinvoke the dark ages
EL LA
EL LA Jun 28, 2023 3:14PM ET
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Let's have a moment of silence for the endemic species and subspecies (6th in the U.S.) 11th in the U.S. in total species diversity. RIP
Mark Jannetty
Mark Jannetty Jun 28, 2023 3:14PM ET
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I guess the horned toad lizard that could shut down a pipeline is irrelevant, when it comes to a solar farm
 
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