New Mexico solar-storage project breakthroughs as utility continues coal-phase out strategy

• A project incorporating 300MWac of solar with a 150MWac/600MWh battery power storage center in New Mexico has progressed after DE Shaw agreed to get it.

DE Shaw Renewable Investments (DSRI) verified it had actually gotten the Arroyo Solar as well as Storage project, prepared for New Mexico's McKinley County, from previous programmer Centaurus Renewable Energy, also closing debt financing for the facility.

The facility is to help Utility Public Service Company of New Mexico (PNM) replace the 562MW San Juan Generating Station coal plant, which PNM is retiring. The utility has actually authorized two separate off take contracts for the center's solar and energy storage space output.

The project is slated for commercial procedure in the loss of 2022, with the preliminary stage readied to come onstream in June of that year.