GA-Solar and Sierra Nevada Corporation Form Renewable Energy JV for projects in Nevada and Southwest US

Sierra Nevada Corporation President, Eren Ozmen, announces today the formation of a new joint venture between SNC and GA-Solar North America. GA-SNC Solar LLC is dedicated to creating solar renewable energy in Nevada and surrounding states. Through this joint venture, GA-SNC Solar will design, build and install photovoltaic solar generation facilities that generate energy for its customers.

GA-SNC Solar is working with local Nevada contractors on the first Nevada based project which is expected to begin later this summer. The company is pursuing future PV solar projects for the federal government, state governments, municipalities, military, tribal organizations, utilities and companies that are large consumers of electricity.

This is Sierra Nevada Corporation’s first entry in renewable energy. Sierra Nevada brings the experience of developing and producing large products and programs, while its partner GA-Solar, is one of the largest and most experienced providers of solar power in the world. Both companies are privately owned and operated by families with similar company cultures and viewpoints about developing renewable energy.

“Renewable energy and energy efficiency have steadily gained popularity in Nevada,” said Greg Cox, Corporate Vice President, Sierra Nevada Corporation. “GA-Solar is a leader in photovoltaic solar generation and is a great partner with the depth and breadth of experience needed to help us enter into this growing energy sector.”

“The renewable market is growing because both federal and state governments are beginning to incentivize the development of renewable power generation and mandate the percentage of energy production that must be produced, said Greg Cox. “The U.S. renewable market is the largest in the world and we are fortunate to be in a region that has the necessary abundance of sun, wind and geothermal activity for the production of renewable energy.”

According to the Department of Energy, Nevada currently ranks second in the Nation for development and use of its geothermal resources and has considerable hydroelectric capacity. In addition, the state recently changed its Renewable Portfolio Standard (RPS) increasing the percentage of renewable energy generation required each year through 2025. The GA-SNC Solar partnership Sierra Nevada and GA-Solar will build photovoltaic facilities — the world’s fastest growing energy technology — to convert sunlight directly into electricity. With the increased need for clean energy sources and open space, Nevada is a prime location for photovoltaic solar generation facilities.

logoGAsolarAbout GA-Solar North America

A subsidiary of Gestamp Corporation, GA-Solar is a developer of large solar energy projects, from planning to execution of the projects with more than 200 MW commissioned solar plants and another 800+ MW in development. The company also specializes in the design, manufacture and installation of both fixed and tracking solar structures. GA-Solar has offices in Madrid and Murcia, Spain, as well as in Rome, Italy and the United States.

snc-logoAbout Sierra Nevada Corporation

Sierra Nevada Corporation (SNC) is known for its rapid, innovative, and agile technology solutions in electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft and communications systems for both the private and public sectors. Founded in 1963, SNC’s seven unique business areas employs approximately 2000 people in 35 different locations in 20 states – all of whom are dedicated to providing leading-edge solutions to SNC’s dynamic customer base.

Over its 45 year history, SNC has remained focused on providing its customers the very best in diversified technologies to meet their needs and has a strong and proven track record of success. SNC has grown into one of the Top Woman-Owned Federal Contractors in the United States while maintaining its reputation for innovation and agility. The company continues to focus its growth on the commercial sector through internal advancements and outside acquisitions, including the emerging markets of telemedicine, nanotechnology, energy and net-centric operations.

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4 Comments on “GA-Solar and Sierra Nevada Corporation Form Renewable Energy JV for projects in Nevada and Southwest US”

  1. kalai Says:

    its wordless brother\sister

  2. Dave Says:

    I dig solar energy!

  3. Micah Says:

    This is a great post.. Very informative… I can see that you put a lot of hard work on your every post that’s why I think I’d come here more often. Keep it up! By the way, you can also drop by my blogs. They’re about Vegetable Gardening and Composting. I’m sure you’d find my blogs helpful too.

  4. pedro rodriguez Says:

    JV
    I own 227.67 in Santiago my land Value 2.7 Million USD has a clean title I have a strong Gov network Dominican Republic.

    The Dom Rep Needs 380MW in renewable energy Solar technology is perfect.
    the high tension line run over my land from hydro electric plant 1/4 mile away.
    frontal of land is the water reservoir for the plant that is GOV operated.

    we could tap to that Gov line who will purchase all the renewable energy that we produce. The land Value 2.7 Million USD.
    Please call me for additional detail.
    See attached the point of curve of my land.

    Pedro A Rodriguez

    201-888-8278

    However I have Funding source for reneable energy United States or Dominican Republic.
    project requirements project size minimum 25USD and up.

    As I mentioned we have looked at infrastructure projects in the past, however in order to get comfortable with the risk we have to have a few things in place; the construction must be wrapped, the technologies must be tested and proven to produce, the cashflows must be able to support the current interest payments and there has to be an off-take agreement for the energy/services provided with a hedgeable counterpart (ie a big name electric company and/or a government entity).

    For each opportunity could you please address the following items?

    -Who is the developer? Please provide details on their credentials.
    -Who will provide the Construction wrap and/or bonding?
    -Who is the offtake counterpart? Do you have a copy of the offtake agreement ?
    -Specifically what technologies are being used?
    -Please provide base case cashflows for the project revenues and expenses over the next 5 and 10 years? What is the probability of receiving these cashflows?


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