DESRI gets 300-MW solar project with 150 MW storage space in New Mexico

• US renewable energy asset owner D E Shaw Renewable Investments (DESRI) has actually completed the acquisition of the Arroyo project which combines 300 MW of solar with 150 MW/600 MWh of battery energy storage space, it said on Monday.

The project is located in McKinley County, New Mexico as well as was obtained from Centaurus Renewable resource, its original programmer.

DESRI has additionally closed financial debt financing for the facility, whose initial stage is expected to start operations in June 2022.

Arroyo will deliver its solar as well as storage space output to Public Service Company of New Mexico (PNM).

The project will certainly feature Nextracker trackers as well as Tesla Megapacks. The solar array will be developed by Sundt Construction Inc, while Affordable Solar Installation Inc is in charge of the construction of the battery power storage space system.

Nord/LB led funding for the acquisition and also construction of the project, with MUFG Union Bank NA, Sumitomo Mitsui Banking Corp, National Bank of Canada and Societe Generale functioning as additional joint lead arrangers.