GER is back from its holiday break (at least until new year’s eve). So, until then expect your usual flow of renewable energy news and commentaries…
SunEdison has signed a 20-year power purchase agreement (PPA) with New Mexico’s Southwestern Public Service Company, an Xcel Energy subsidiary, for the solar power output of five photovoltaic power plants that will total 50 megawatts in generation capacity.
The power facilities, each generating 10 megawatts of electricity, will use a ground-mount system and are to be located in Lea and Eddy counties in southeastern New Mexico. The projects are expected to go live by the end of 2011.
SunEdison will build, finance, and operate the five facilities and sell their entire output to Southwestern Public Service Company as part of the 20-year PPA. The two companies did not disclose the terms of the agreement.
New Mexico’s renewable energy portfolio standard requires that state utilities generate 15 percent of their power from renewables by 2015 and 20 percent by 2020.