Wednesday, 30 December 2009

SunEdison, Xcel announce solar project
December 23, 2009

ALBUQUERQUE, N.M. - North America's largest solar energy services provider and a Western utility are planning to install five photovoltaic solar facilities in southeastern New Mexico. SunEdison and Xcel Energy's Southwestern Public Service Company say the 50 MW project will be one of the largest in North America. The five installations will be capable of generating enough electricity to power more than 10,000 homes.

The solar arrays will be located in Lea and Eddy counties. Xcel says the project will bolster rural economies and help the company meet renewable energy standards in New Mexico. The project will be built, financed and maintained by SunEdison under a 20-year agreement with Xcel, which will then buy the power. Officials expect the project to be fully operational by the end of 2011.