Cheap Solar Makes a Big Bet in Nevada [Bloomberg Business News]
Switch, Inc. Class A (SWCH)
Last switch, inc. class a earnings: 2/27 04:05 pm
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Source: Bloomberg Business News
Two recent energy deals highlight innovations in technology, business and marketing. Swiss asset manager Capital Dynamics AG will build a one-gigawatt portfolio of solar farms in Nevada , one of the largest such projects in the U.S., with technology infrastructure company Switch Inc . as an “anchor tenant.” The two companies expect the cost of power generated by Gigawatt 1 to be significantly lower than what the local utility charges. By Far the Cheapest Cost of electricity, per kilowatt-hour, in Southern Nevada Sources: Switch, Capital Dynamics *NV Energy's "green rider" program is a special tariff for customers that want to purchase 100 percent clean energy. The anchor tenant concept in energy isn’t unprecedented, but it hasn’t been done on this scale: Gigawatt 1 is 16 times larger than a 60-megawatt solar farm in North Carolina that signed on the Massachusetts Institute of Technology as its anchor tenant in 2016. Switch’s Northern Nevada data cen
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