New Projects, Renewables, Solar

3 New Utility-Scale Solar Projects Planned for New Mexico

3 New Utility-Scale Solar Projects Planned for New Mexico

New Mexico is poised to bring 165 MW of new solar capacity online by the end of 2016.

Two utility-scale projects near Roswell and a third near Deming have been announced by Southwest Public Service Co. and Tri-State Generation and Transmission Association, respectively.

SPS, a subsidiary of Xcel Energy with about 385,000 customers in New Mexico and Texas, has signed a long-term power purchase agreement (PPA) with NextEra Energy to develop two 70-MW facilities near Roswell. 

Once operational, the project will be the largest solar photovoltaic facilities in New Mexico, and the PPA is one of the cheapest in the U.S. to date for utility-scale solar at just 3.5 cents per kilowatt hour.

D.E. Shaw Renewable Investments LLC and TurningPoint Energy inked a deal that will see the development of a 25-MW solar facility in Luna County.  The facility will provide electricity to Tri-State, a wholesale power supplier for 44 cooperatives in New Mexico and three other states.