Nevada Gold Mines Solar PV Park is a 200MW solar PV power project. It is planned in Nevada, the US. The project is currently in announced stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2022.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 200 | – | 200 | Announced | Nevada, the US | Barrick Gold; Newmont |
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Description
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The project is being developed and currently owned by Barrick Gold and Newmont. The company’s ownership stake in the project stands as 61.5% and 38.5% respectively.
Nevada Gold Mines Solar PV Park is a ground-mounted solar project.
The electricitiy generated from the plant will offset 140,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $215.6m.
Development Status
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By GlobalDataPost completion of the construction, the project is expected to get commissioned in 2022.
About Barrick Gold
Barrick Gold Corp (Barrick) carries out the exploration and development of mineral properties. It owns and operates various gold mines, which includes Nevada Gold Mines, Bulyanhulu, Buzwagi, Hemlo, Kibali, Loulo-Gounkoto, North Mara, Porgera, Pueblo Viejo, Tongon and Veladero. It carries out copper operations at Jabal Sayid, Lumwana and Zaldivar mines. These mines produce gold, silver, copper and nickel commodities. The company sells gold bullion in the gold spot market, and gold and copper concentrate to independent smelting companies. The company together with its subsidiaries has operations in the Americas, Africa, the Middle East and Oceania. Barrick is headquartered in Toronto, Ontario, Canada.
About Newmont
Newmont Corp (Newmont) is a gold mining and exploration company. It also carries out the exploration, production, processing, and refining of silver, copper, zinc, lead, and molybdenum. The company operates open pit and underground mining assets in the US, Mexico, Canada, Ghana, Peru, Chile, Argentina, Dominican Republic, Suriname, and Australia. Its portfolio of mining assets includes Phoenix, Carlin, Twin Creeks and Long Canyon, Boddington, Tanami, Pueblo Viejo, Ahafo, and Yanacocha. It also has several gold reserves and acreage, which is at an exploration stage. The company, together with its subsidiaries, operates in the Americas, Europe, Asia-Pacific, and Africa. Newmont is headquartered in Denver, Colorado, the US.
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Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
