D E Shaw Renewable Investments (DESRI), along with Public Service Company of New Mexico (PNM) and SOLV Energy, recently celebrated the San Juan 1 project’s groundbreaking. The Farmington, New Mexico-based project is a 200-MWAC solar and 400-MWh storage complex. Local stakeholders, as well as representatives from the three corporations, the US Department of Energy attended the ceremony. The Navajo Nation, San Juan County, and the state of New Mexico, were also in attendance.
Also Read:Â Australian-based Star Scientific to build clean hydrogen facility in New Mexico
San Juan 1’s contribution to New Mexico’s energy transition and dedication to investing in the Four Corners region were recognised during the groundbreaking. Furthermore, the community’s heritage of energy production and powering the Southwest.
San Juan 1 solar plant operation date
The solar + storage complex is planned to go into commercial operation by the end of 2024. SOLV Energy is presently building the San Juan 1 project, which has a 20-year power purchase agreement with PNM.
“We are pleased to have reached this milestone on the San Juan 1 project.” Thomas de Swardt, DESRI’s chief commercial officer said. “In the face of numerous headwinds facing the industry over the last two years, we deeply appreciate the hard work, creativity. Additionally, the persistence of our partners to successfully bring this project into construction.”
“The dedication of San Juan Solar 1 marks another step forward in PNM’s clean energy transformation.” Maureen Gannon of PNM said. “This day is a credit to New Mexico’s Energy Transition Act for promoting the placement of new clean energy resources in this region as we transition out of coal generation. In addition to providing financial support to the impacted workers and tribal communities.”
