D.E. Shaw Renewable Investments (DESRI), in partnership with Public Service Firm of New Mexico (PNM) and SOLV Vitality, has damaged floor on the San Juan 1 challenge, a 200 MW AC photo voltaic and 400 MWh storage facility positioned in Farmington, N.M.
“We’re thrilled to realize this milestone on the San Juan 1 challenge,” says Thomas de Swardt, chief industrial officer of DESRI. “Within the face of quite a few headwinds dealing with the trade over the past two years, we deeply respect the onerous work, creativity, and persistence of our companions to efficiently deliver this challenge into building.”
The San Juan 1 challenge has 20-year energy buy agreements with PNM and is being constructed by SOLV Vitality. The power is predicted to start industrial operations towards the top of subsequent yr.
“The dedication of San Juan Photo voltaic 1 marks additional progress in PNM’s clear power transformation,” says PNM’s Maureen Gannon. “This present day is a credit score to New Mexico’s Vitality Transition Act for selling the location of latest clear power assets on this area as we transition out of coal era, along with offering monetary help to the impacted staff and tribal communities.”
