26-MW solar project under construction on New Mexico state trust land

• New Mexico Commissioner of Public Lands Stephanie Garcia Richard and also representatives from Chevron dedicated a new solar array being built on state trust land in Swirl County.

Chevron won the right to lease the 362-acre parcel at a public auction in January as well as provided a sublease to Hayhurst Solar to create a 26-MW, 55,00-panel solar array to serve Chevron's electrical lots needs in the Permian Basin. The array will certainly generate an estimated $7 million in new revenue for New Mexico's public schools.

" The State Land Office is open for organization as well as we are expanding our revenue streams. Chevron's solar array here in Swirl County broadens upon an assurance I maintained to triple renewable resource on state trust lands," Garcia Richard stated. "My group and I are devoted to imaginative partnerships such as this as a means of finding new resources of money for New Mexico's school kids. Projects like these are crucial investments in future generations of New Mexicans."

Commissioner Garcia Richard produced the first-ever Office of Renewable Energy within the Commercial Division at the State Land Office. From January 2019 via September 2022, yearly revenue from renewable leases on state trust land boosted by 1,400% and the number of energetic leases increased by 208%.

" With sector collaborations, such as ours with Algonquin, and also cooperation with Commissioner Garcia Richards and also the New Mexico State Land Office, we are functioning to better decrease the carbon intensity of our procedures by deploying renewable power to sustain Chevron's procedures in the Permian," claimed Allen Satterwhite, head of state of Chevron Pipeline and also Power. "Along with supporting oil and gas procedures, the solar power project in Hayhurst can assist support the State Land Office in their continued efforts to broaden renewable energy capacity in New Mexico."