BrightSource Expands Land Deal in Nevada
Coyote Springs Land Company And a new home for solar power.
What to do when building a 159,000-home city in the Nevada desert and the housing market collapses?
Go solar.
The Coyote Springs Land Company this week expanded a deal with BrightSource Energy, a solar power developer based in Oakland, Calif., to carve out 12 square miles of its 43,000-acre mega-development for solar power plants that would generate up to 960 megawatts of electricity.
Harvey Whittemore, Coyote Springs’s chairman, said his plan always was to include some renewable energy in the massive golfing community under development 50 miles northeast of Las Vegas. But, Mr. Whittemore said, he decided to go bigger as the housing market crashed and solar developers like BrightSource began to sign deals with utilities.
“We’ve always said we’ll adjust the land use plan to the market,” said Mr. Whittemore in an interview. “At the end of the day we have approvals for 159,000 units …
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