Fast-41 Initiation Notice Stagecoach Wind Project White Pine County, Nevada

Project Information: Title, Sector, Type, Location Stagecoach Wind 1, LLC
Renewable Energy Sector 600 MWac Wind
White Pine County, Nevada

Project Sponsor Name and Contact Information Stagecoach Wind 1, LLC
c/o Arevia Power, LLC
500 N. Central Ave., Ste. 600
Glendale, CA 91203 Ricardo Graf
(949) 275-7538

Statement of the purposes and objectives of the project

Economic:
The 600-megawatt (MW) Stagecoach Wind Project, once installed at full capacity, will be only the 
second and the largest wind generating facility in the State of Nevada. This infrastructure project 
will require a total investment of approximately $850 million. The project will create 
approximately 400 direct jobs and 700 total jobs per year in Nevada over a 2-year period. The 
project will generate $110 million in labor income and have a $200 million GDP effect in the State 
of Nevada. In addition, the project will generate over $40 million in property and sales and use 
taxes. These labor related economic benefits will primarily benefit Nevada’s unions workers and 
benefit Nevada’s disadvantaged business enterprises. Materials, supplies, and labor will be sourced 
locally whenever possible.

Environmental:
Average annual energy production from a 600 MW project equates to the annual electricity needs of 
approximately 145,000 households. Wind power is generated in the much-needed morning and evening 
hours, which provides balancing to the grid where there is a large integration of mid-day solar 
generation. The Project would generate greenhouse gas-free electricity that would offset 
approximately 1,290,000 metric tons of carbon dioxide and other emissions that would result from 
producing an equivalent amount of electricity from fossil fuel-fired electric generators.

Other environmental objectives include:
o Using existing electrical infrastructure facilities, rights-of-way, roads and other existing 
infrastructure where practicable;
o Minimizing water use during operation; and

o Using the latest wind technology that is proven, efficient and easily maintained, recyclable and 
environmentally sound and reduces ground disturbance as much as possible.
o Developing a compensatory mitigation plan to address impacts to greater sage grouse and their 
habitat, ensuring net-benefit.

Concise description including general location and/or a summary of geospatial information, if 
available, and the locations, if any, of environmental, cultural, and historic resources
The project site is located approximately 18 miles east of Eureka, Nevada, in the largely 
uninhabited Newark Valley. U.S. Highway 15 crosses through the northern part of the project site. 
Project interconnection with the power grid would occur at the Robinson Summit Substation, 27.9 
miles to the east. The site map is shown on the following page.

No significant cultural or historic resources sites are currently known to occur on the project 
site; however, surveys will be conducted to identify any resources. No federally endangered, 
threatened, or candidate species have the potential to occur on the site. The greater sage-grouse 
is not federally listed but is a BLM sensitive species and a State of Nevada-protected game bird. 
Habitat for the greater sage grouse occurs on the project site as well as potential leks. The 
Applicant will work with state and federal agencies to develop a compensatory mitigation plan to 
ensure net- benefits to the species.

Statement regarding the technical and financial ability of the project sponsor to construct the 
proposed project

Stagecoach Wind 1, LLC (Stagecoach Wind) is wholly owned by Arevia Power, LLC (“Arevia”). Arevia 
led the development of the Gemini Solar Project (Gemini) between 2016 and 2021 in partnership with 
the BLM Southern Nevada District Office and the BLM Nevada State Office. The In 2016, Arevia 
acquired the application rights of project entity Solar Partners XI, LLC which was originally 
proposed to develop a concentrating solar power tower technology project on 40,000 acres of federal 
land in Clark County, Nevada. Arevia converted the application to a solar photovoltaic technology 
and advanced the development of the project. In 2018, Arevia worked with the Federal Permitting 
Steering and Improvement Steering Council (FPISC) and received a Fast 41 covered status for Gemini 
Solar. In May of 2020 the project received its Record of Decision (ROD) issued by the Department of 
Interior (DOI) on over 7,000 acres which represented and still represents one of the largest 
approved solar and battery projects in the U.S. at 690 MW PV plus 380MW of battery. The project is 
currently under construction and plans to be in commercial operations by 2023. The same project 
development team will be used for the Stagecoach Wind Project as was used for the successful 
development of the Gemini Solar Project.

In June 2022, Arevia received an investment commitment from KKR & Co. Inc and GCM to advance its 
solar and wind portfolio. KKR is a global investment company that offers alternative asset 
management as well as capital markets and insurance solutions. It manages investments funds that 
invest in private equity, credit and real assets. Its insurance subsidiaries offer retirement, 
life, and reinsurance products. Its insurance business is operated by Global Atlantic Financial 
Group. KKR has assets under management in excess of $280 billion.

Stagecoach Wind Project Area Map (Final layout subject to NEPA review)

.

GCM is a global alternative asset manager. The company invests in alternative investments, such as 
private equity, infrastructure, real estate, credit, and absolute return strategies. With 
approximately $71 billion in assets under management, GCM is one of the world’s largest and most 
diversified independent alternative asset management firms.

Statement of any federal financing, environmental reviews, and authorizations anticipated to be 
required

The Inflation Reduction Act (IRA), which became law on Aug. 16, 2022, extended and increased 
investment and production tax credits through 2024 for wind energy projects that begin construction 
prior to Jan. 1, 2025. This project will not be constructed before January 1, 2025; however, in 
2025, the tax credits for wind will be replaced with technology-neutral credits for low- carbon 
electricity generation, which in turn are slated to phase out in 2032, or when U.S. power sector 
greenhouse gas emissions decline to 25 percent of 2022 levels, whichever is later. The Stagecoach 
Wind Project is anticipated to qualify for the tax credits.

Environmental review will consist of preparation of an Environmental Impact Statement (EIS) under 
the National Environmental Policy Act (NEPA) by the BLM and a Resource Management Plan Amendment to 
the Ely Resource Management Plan.

Federal authorizations are anticipated to include:

Department of the Interior, BLM
• Right-of-way (ROW) grant under Title V of Federal Land Policy and Management Act (FLPMA)
• EIS and Decision Record to support issuance of ROW grant
Department of the Interior, BLM and State Historic Preservation Office (SHPO)/Advisory Council on 
Historic Preservation
• BLM/SHPO, National Historic Preservation Act Section 106 Consultation
US Fish and Wildlife Service
•  Eagle Take Permit under the Bald and Golden Eagle Protection Act
Federal Aviation Administration
• Determination of No Hazard based on an application of Notice of Proposed Construction or 
Alteration under 14 CFR Part 77

Assessment that the project meets the definition of a covered project as defined in 42 U.S.C.
§4370m(6)(A) of the FAST Act and a statement of reasons supporting the assessment

Based on the following facts, the project meets the definition of a covered project as defined in 
42
U.S.C. §4370m(6)(A) of the FAST Act:

1. The project consists of an activity in White Pine County, Nevada that requires authorization and 
environmental review by BLM and involves renewable energy production and electricity transmission 
(solar power plant and transmission lines). Consistent with
§4370m(6)(A).
2. The project has been determined by BLM to be subject to NEPA. Consistent with
§4370m(6)(A)(i)(I).
3. The project will require a total investment of approximately $980 million. Consistent with
§4370m(6)(A)(i)(II).
4. The project has not been found by BLM to qualify for abbreviated authorization or environmental  
review  processes  under  any  applicable  law.  Consistent  with
§4370m(6)(A)(i)(III).
5. The project requires authorization from or environmental review by three Federal agencies (BLM, 
USFWS, and the Federal Aviation Administration) and requires preparation of an EIS under NEPA. 
Consistent with §4370m(6)(A)(ii)(I) and (II).
6. The project is not subject to approval by the Department of Transportation as a highway project, 
public transportation capital project, or multimodal project, and is therefore not subject to 23 
U.S.C. §139. Consistent with §4370m(6)(B)(i).
7. The project is not a water resources development project to be carried out by the Secretary of 
the Army, and is therefore not subject to 33 U.S.C. §2348. Consistent with
§4370m(6)(B)(ii).

Project Assessment: Assessment that the project meets the definition of a covered project as 
defined in 42 U.S.C. §4370m(6)(A) of the FAST Act and a statement of reasons supporting the 
assessment.

The Project is a “Covered Project” under 42 U.S.C. §4370m (6) (A) in that it is an activity in the 
United States that requires authorization or environmental review by a Federal agency (the BLM) 
involving construction of infrastructure for renewable or conventional energy production (a solar 
photovoltaic electric generating facility) that is
(i)(I) is subject to NEPA;
(II) is likely to require a total investment of more than $200,000,000; and
(III) does not qualify for abbreviated authorization or environmental review processes under any 
applicable law.

Form Submitter Contact Information
1. Name: Ricardo Graf
2. Title: Managing Partner
3. Work Phone: 949-275-7538
4. Email: ricardo@areviapower.com
 

BLM posted the FIN for this project.