In the month of February, Switch Inc (NYSE:SWCH) reported the establishment of the largest solar project portfolio in the U.S. Rob Roy, the Founder and CEO, expressed that Gigawatt 1 solar project will be established in Southern and Northern Nevada. The assignment will yield among the lowest priced solar power across the world and produce adequate clean energy to power almost 1 million homes. The Gigawatt 1 concept is a result of an initiative named Gigawatt Nevada, initially proposed by Roy three years ago.
The CEO of Switch expressed that the base of Gigawatt Nevada remains that Nevada should harness the sun in the way Alaska harnesses its oil to considerably benefit all Nevadans. Nevada has the remarkable solar window in the country and so they Nevadans should be using solar for themselves, as well as should be exporting it across the Western U.S. to advance new jobs, economic diversification, tax revenue and increase energy independence.
The assets will be developed and owned by Capital Dynamics, the second major owner of solar projects in the nation. Gigawatt 1 anchor occupants will comprise Switch, and many of the Switch CORE® customers that currently associate with Switch for telecommunication and data center services. Moreover, several public and private segment access consumers within Nevada and outside Nevada are already in talks to join the assignment. Consumers who will get renewable energy from Gigawatt 1 for considerably less than the cost of getting renewable energy from Nevada Power under its green offering named the Green Rider Tariff.
Benoit Allehaut, the Director at Capital Dynamics, expressed that this is the kind of prospect that only very rarely showcases itself. After hearing Roy’s vision to establish gigawatts of solar in the state of Nevada, this marked as an opportunity they couldn’t pass. They see a natural association to transform Nevada as well as the entire Western electric grid.