The Biden administration announced a groundbreaking achievement on Wednesday, revealing that it had generated a remarkable $105 million through a lease auction in the Nevada desert, focused on solar power development. This event marks the most successful federal onshore renewable energy auction to date, covering an extensive 23,675 acres.
According to the Bureau of Land Management, NV Energy Inc took the lead in the auction on Tuesday, securing high bids exceeding $80 million for two parcels located in the Amargosa Valley Solar Energy Zone.
The remaining two parcels were acquired by Boulevard Associates, a subsidiary of NextEra Energy (NYSE:NEE) Resources, and Silver Star Solar, a subsidiary of Leeward Renewable Energy, with winning bids of $21 million and $2.3 million respectively.
In response to the remarkable outcome, Interior Secretary Deb Haaland stated in a press release, “This record-breaking auction for solar energy development is further evidence that the demand for clean energy has never been greater.”
The Interior Department has estimated that these leases will eventually contribute 3 gigawatts of power to the grid, showcasing their significant potential for renewable energy generation.
As part of a comprehensive approach to combat climate change, the Biden administration is actively working towards expanding renewable energy development on federal lands. This milestone in Nevada exemplifies their commitment to fostering clean energy solutions.
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