Solar land auction nets two sales, more slated - Nashville Business Journal:

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million, with a third deal potentially in the Buyers of the small parcels were not butKuldip Verma, president and CEO of , whichn sold the land, said the buyers had interest in developingh the land's solar potential. Vermaland also is looking at sellinga 3,600-acre parcel at auction withijn the next six months in the county’s western While the first auction focused on five smaller a larger, contiguous site such as Vermaland’s couldc draw a higher premium, if companies believes it has access to water and powet lines.
“Several large-scale utility companies have expressesd interest in the property once the siteis developed,” said who added the site has water rights, on-site wells and a low While the company was able to sell the two prices were below what neighboringb land has been selling for. The goal was to spur sola r companies to purchase land ratherd than simply tieit up, Vermsa said. The properties sold at Saturday’s auction included an 80-acres site in the Tonopah areafor $340,000 and a 320-acr site in Tonopah for $2.24 million. The company did not identifyg which of the remaining three properties mighyt be involved inanother deal.
“The auction broughf the properties to the attentioh of some parties that we had nevee been incontact with, as well as remindee others we had spoken with in the past of the which is highly suitable for solar said Anita Verma-Lallian, the company’s marketing Vermaland already had sold land to several California-basex utilities looking to develop renewable resources to meet that state’zs standards for clean energy.
Solarr energy developers have been placing applications on state and federal lands in westernb Arizona for the pastthrede years, and private land ownera have been negotiating as developers look for the best As companies scout for land, they also face financingv issues and none of the propose d projects in Arizona has broken ground. Arizona’sd main solar corridor includes Vermaland’s parcels, an area that stretchews from Yuma to Phoenix and Tucson seen as a huge growtbh area fordeveloping utility-scale soladr power plants.