NV Energy reports improvements in renewable energy initiatives
NV Energy filed its 2017 Renewable Portfolio Standard Annual Report with the Public Utilities Commission of Nevada, showing that the company achieved a 25.5 percent renewable energy and related credits level in Northern Nevada and 23.1 percent in Southern Nevada, for a combined weighted average of 23.8 percent.
This is the eighth year in a row that NV Energy has exceeded the state’s renewable energy requirement, which currently is at a 20 percent level.
Separate from this legislated mandate, NV Energy has set a goal to double its renewable energy portfolio by 2023.
The $625,000 deal included a low-interest SBA 504 loan facilitated by Nevada State Development Corp., the state’s largest SBA 504 loan provider. City National Bank partnered in the financing package.