New Mexico utility regulators have cleared the way for construction to
begin this summer on New Mexico's largest solar power plant, which will sell all
its power to El Paso Electric.
The New Mexico Public Regulatory Commission last week approved a 20-year power purchase agreement between First Solar Inc. of Phoenix and El Paso Electric for power from the 50-megawatt Macho Springs Solar Project near Deming.
The plant will provide enough power for about 18,000 homes.
First Solar, which is still securing construction permits, expects construction to begin in July, it reported.
About 300 construction jobs will be created. First Solar's lease payments on state trust land, where the plant will be located, are expected to generate up to $40 million over a 40-year lease period to help fund schools and hospitals, a state official said.
(c)2013 the El Paso Times (El Paso, Texas)
Visit the El Paso Times (El Paso, Texas) at www.elpasotimes.com
Distributed by MCT Information Services
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- Rocket Explodes During U.S. Test Flight
- Koch Brothers Took Genes, Money in Different Directions
- Short-Term Loans Comes at a Heavy Price
- Apple Stock Bounces Back Big Time
- Is Diversity in the Eye of the Beholder?
- 'Mythbusters' Build Team Gets the Boot
- Florida Judge Rules in Favor of GOP Voter Map
- Jennifer Lopez Would Marry Again
- Investors Betting on ECB Stimulus Measures