First Solar, Inc. has acquired what will be the largest solar power project in New Mexico, the 50 megawatt Macho Springs Solar Project.
The Macho Springs Solar project is being developed in Luna County, New Mexico by Element Solar Power. The project is expected to be completed in 2014, at which point it will produce enough renewable energy for over 18,000 homes while preventing 40,000 tons of carbon dioxide a year from reaching the atmosphere.
The solar project is located on land leased from the New Mexico State Land Office and the power generated by the project will be purchased by El Paso Electric under a power purchase agreement that is subject to regulatory approval, expected in the first half of 2013.
First Solar will construct the Macho Springs facility using its advanced thin-film photovoltaic modules.
“We’re very excited to continue our work in New Mexico, increasing the state’s utility-scale solar generation capacity,” said Dana Diller, First Solar Vice President of U.S. Business Development.
First Solar has already completed several smaller projects in the state, including the 30 MW Cimarron Solar Facility for Southern Company and Turner Renewable Energy as well as 22 MWs of solar projects for PNM Resources, both in 2011.
The company has also been selected to build another 21.5 MW worth of projects, again for PNM, this time for completion in late 2013. – EcoSeed Staff