DE Shaw and Bright Plain Renewable Energy (BPRE) purchased the project which has produced over ~46,000 MWhs of clean energy per year for customers of NV Energy (a Berkshire Hathaway utility).
“The Searchlight project is a big step forward in transforming Nevada’s abundant natural solar resources into a clean and reliable source of energy,” said Bryan Martin, managing director and head of U.S. growth and buyout private equity at the D. E. Shaw group.