OMAHA, Neb. (AP) — Monolith Materials and Nebraska Public Power District plan to cooperate on renewable energy project that could be one of the largest in the state's history, officials said Monday.
Monolith said it has signed a letter of intent for the utility to provide 2 million megawatt-hours every year, which would be enough to allow Monolith to power a proposed $1 billion expansion near Hallam with 100% renewable energy.
NPPD President and CEO Tom Kent said the utility will seek proposals for wind and solar generation in March and expects to have agreements by Sept. 1, The Lincoln Journal-World reported.
The utility would prefer the renewable energy projects be in Nebraska but they could be located anywhere in the utility's Southwest Power Pool, he said.
It would require between 500 and 600 megawatts of new solar and wind power to meet Monolith’s needs, Kent said, which would be enough to power all the homes in Lincoln for a year.