Valley Electric Receives PACE Loan for Solar, Storage Systems

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U.S. Department of Agriculture Deputy Secretary Xochitl Torres Small announces a new loan award for Valley Electric Association under the PACE program on Aug. 29 in Pahrump, Nevada. (Photo Courtesy: Valley Electric)

A pair of cooperative projects in Nevada that will provide clean energy while bolstering grid resilience and reliability received a new loan award through the Department of Agriculture’s $1 billion Powering Affordable Clean Energy program.

USDA awarded an $80.3 million PACE loan to Valley Electric Association to help build a 35-megawatt energy storage system to serve Pahrump and a 2-megawatt solar power and energy storage system to serve the Fish Lake Valley region. The projects will produce enough electricity to serve around 3,500 homes and help mitigate price volatility and grid resilience risks in the area.

Fish Lake Valley is fed by a 55-kilovolt radial line that crosses an area of…

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