DESRI gains approval for United States solar-storage PPA

• Carne project in New Mexico has offtake contracts with El Paso Electric (EPE) and also schedules online in 2025

DE Shaw Renewable Investments (DESRI) has secured approval for its offtake contracts for a 130MW solar and battery project in New Mexico.

The Carne solar development, which likewise includes a 65MW battery, has obtained New Mexico Public Regulatory Commission (NMPRC) governing approval for its offtake contracts with El Paso Electric (EPE).

The project has a 20-year power purchase agreement as well as power storage agreement with EPE as well as is anticipated to start commercial procedures in 2025.

The NMPRC's approval is an essential step in the site's development as well as its innovation towards begin of building.

"DESRI is thrilled with the Carne project's NMPRC authorization, together with its ongoing progression towards building and construction begin and also creating power for New Mexicans," claimed DESRI chief development officer Hy Martin.

"The Carne project will deliver new, affordable clean power to EPE's clients, as well as power storage space that will offer vital grid stability to the area. We value the ongoing support from the project's stakeholders, consisting of Luna County as well as the regional community," included Martin.

Carne is DESRI's fourth project in New Mexico, and its second development in Luna County.

The facility will provide new energy and also battery storage capacity to EPE's clients and contributes to EPE's critical objective to get to 100% decarbonisation of its generation portfolio by 2045.

DESRI is additionally building the Arroyo as well as San Juan Solar projects in McKinley as well as San Juan counties, specifically.

Galehead Development as well as Lacuna Sustainable Investments were involved in the preliminary development of the Carne plant.