California Governor Fast-Track's NextEra's $1 Billion Solar Farm

In a statement released this week, California Gov. Jerry Brown fast-tracked NextEra Energy's (NYSE: NEE  ) $1 billion McCoy Solar Project for judicial and legislative review.

Under the Jobs and Economic Improvement Act of 2011, any environmental concerns will head directly to the Court of Appeals and will be dealt with in a timely manner. To date, the only other project to receive this streamlining is Apple's Cupertino campus last year.

According to NextEra, the Riverside County facility will generate up to 750 MW of electricity, enough to power approximately 264,000 homes. The project will also provide around 600 construction jobs at the peak of the assembly period. Per the governor's certification, NextEra will invest at least $100 million in California during construction.

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