8minutenergy and NV Energy Announce Largest Solar Project Ever on Tribal Land

300 MW Eagle Shadow Mountain Solar Farm to be Built in Southern Nevada

SAN FRANCISCO, CA and LAS VEGAS, NV - May 31, 2018 - 8minutenergy Renewables, LLC ("8minutenergy"), the largest independent solar and storage developer in the U.S., and NV Energy today announced that 8minutenergy has been chosen by NV Energy to develop the 300 MW (420 MW-dc) Eagle Shadow Mountain Solar Farm in Clark County, Nevada. The project will be built on the Moapa River Indian Reservation about 30 miles north of Las Vegas, and will be the largest solar installation to date built on tribal land. Eagle Shadow Mountain will also be the largest solar PV project ever built for NV Energy, as part of its latest tranche of renewable projects totaling over 1 gigawatt.


"We are honored to be working with NV Energy and the Moapa Band of Paiutes to bring this remarkable project to fruition," said Martin Hermann, CEO and Founder of 8minutenergy. "The Eagle Shadow Mountain Solar Farm will deliver abundant and affordable energy to about 180,000 Nevada homes, providing them with reliable clean power. This will also be the largest standalone project in 8minutenergy's portfolio, and we are dedicated to upholding our track record of finalizing the plant's operation on-time and on-budget."

"We're pleased to be bringing 300 megawatts of clean solar energy and hundreds of jobs to southern Nevada," said Tom Buttgenbach, President and Co-Founder of 8minutenergy. "The state is blessed with tremendous solar resources, and utility-scale farms such as the Eagle Shadow Mountain Solar Farm will provide important energy resources to the region for decades to come. We thank NV Energy and the Moapa Band of Paiutes for their partnership on this important project."

"We are delighted to be working with 8minutenergy and other top-tier solar developers to bring over one gigawatt of low-cost clean solar power and energy storage to our customers in Nevada," said Paul Caudill, CEO of NV Energy. "This landmark group of projects will help diversify our state's electricity generation portfolio at industry-leading costs. We calculate that the direct investment in Nevada's economy, which includes the cost of construction, will be greater than $2 billion."

"We're proud to be leading the way in supporting the development of clean solar energy on tribal lands," said Gregory T. Anderson Sr., Chairman of the Moapa Band of Paiutes Tribal Council. "Eagle Shadow Mountain Solar Farm will be special in particular as it's being built beside a retiring coal plant on our lands, signifying the affordability and importance of renewable energy. We hope to shepherd the way for many other tribes to adopt clean power."

Eagle Shadow Mountain will be the second solar farm developed on the Moapa River Indian Reservation. The Moapa Band of Paiutes has become a national clean energy leader and will host in excess of 600 MW of solar on the 72,000-acre reservation. The Eagle Shadow Mountain Solar Farm will be built on non-agricultural land using environmentally sensitive construction.

Subject to final approval by the Public Utilities Commission of Nevada, the project will commence construction in mid-2020, and be operational by the end of 2021. Eagle Solar Mountain Solar Farm will have an annual production capacity of over 900 million kilowatt hours (kWh) once complete, enough energy for more than 180,000 homes when producing, and will reduce carbon emissions by more than 600,000 metric tons each year. The project's development and construction is also expected to create well over 600 jobs in Clark County.

About NV Energy
NV Energy provides a wide range of energy services to 1.4 million customers throughout Nevada and more than 43 million tourists annually. NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, do business as NV Energy. NV Energy is headquartered in Las Vegas, Nevada. Information about NV Energy is available on the company's website, Twitter, Facebook and YouTube pages, which can be accessed via nvenergy.com.

About 8minutenergy Renewables, LLC
Founded in 2009, 8minutenergy Renewables is the nation's largest independent developer of solar PV and storage projects. To date, 8minutenergy has 8.5 GW of PV and storage under development in North America, operates 800+ MW in solar assets, and been awarded nearly 2 GW in power purchase agreements. The company is developing some of the largest solar plants in the world, including the 800 MW Mount Signal farm in California. 8minutenergy has an unmatched ability to produce affordable clean energy, and to deliver strong financial returns on utility-scale solar and storage projects. For more information, please visit www.8minutenergy.com.

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