The Carne Solar Project – a 130 MW AC solar and 65 MW AC battery storage facility positioned in Luna County, N.M., and owned by D. E. Shaw Renewable Investments (DESRI) – has been granted regulatory approval by the New Mexico Public Regulatory Commission (NMPRC) for its offtake contracts with El Paso Electric (EPE).
DESRI’s fourth New Mexico solar enterprise and its second in Luna County, the mission has a 20-year power buy settlement and energy storage settlement with EPE, a regional energy supplier that’s engaged in era, transmission and distribution service to roughly 460,000 prospects in west Texas and southern New Mexico.
The facility is predicted to generate sufficient energy to power roughly 38,000 properties annually, in accordance with metrics offered by the Environmental Protection Agency. Approval by the NMPRC is a crucial step in Carne’s growth and its development towards the beginning of building. Commercial operation is anticipated in 2025.
“DESRI is thrilled with the Carne project’s continued progress toward construction start and producing power for New Mexicans. [It] will deliver new, cost-effective, clean energy to EPE’s customers, as well as energy storage that will provide crucial grid stability to the region,” says Hy Martin, chief growth officer of DESRI, the mission’s proprietor and operator.
Also contributing to EPE’s mission to succeed in 100% decarbonization of its era portfolio by 2045, Carne is predicted to ship important group advantages, together with the creation of building jobs and different native financial growth.
Galehead Development and Lacuna Sustainable Investments had been concerned within the preliminary growth of the mission.