SunEdison To Develop 55 MW of Solar in New Mexico

SunEdison has signed a deal to develop five photovoltaic solar installations in New Mexico for Xcel Energy that will have a total installed capacity of 50 megawatts (MW). The five 10-MW sites will be utility-scale, ground-mount systems and are expected to be be fully operational by the end of 2011.

The five installations will be built, financed and maintained by SunEdison, under a 20-year solar power services agreement (SPSA) with Xcel Energy, which will buy the solar power generated by the plant.

This project will also bring Xcel Energy closer to meeting New Mexico’s renewable portfolio standard, which requires that regulated electric utilities must buy 15 percent of their electricity by 2015, and 20 percent by 2020, from renewables.

This project eclipses the 8.22-MW solar power system SunEdison activated for Xcel Energy in Alamosa, Colorado in December 2007. At 50 MW, the Xcel Energy project will be one of the largest in North America.

Governor of New Mexico Bill Richardson said the project reflects New Mexico’s sustained commitment to solar energy leadership.

“Excellent natural resources, competitive incentives and pro business policies have positioned New Mexico at the forefront of the clean energy economy, and our commitment continues to generate economic development and well-paying jobs throughout the state,” Governor Richardson said.

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