DESRI starts construction at 150MW solar-plus-storage project in New Mexico

Facebook
Twitter
LinkedIn
Reddit
Email
DESRI's Red Horse 3 solar project in Arizona.
DESRI has an operating portfolio of 3.8GW of solar capacity in the US. Image: DESRI.

Independent power producer D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico.

The Santa Tera Solar and Storage Project will combine a 150MW solar facility with a 600MWh battery energy storage system (BESS) and is now under construction in Doña Ana County. SOLV Energy will serve as the engineering, procurement and construction (EPC) contractor for the project, while LG Energy Solution Vertech will provide the batteries, which DESRI notes will be made in the US.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

LG Energy Solution Vertech is the system integrator subsidiary of LG Energy Solution, responsible for packaging batteries made by its parent company into a complete BESS and integrating them into sites. Last month, the company started production of lithium iron phosphate (LFP) cells in Michigan.

In January, DESRI sought loan financing for the project, and our colleagues at Energy-Storage.news reported that the project would make use of 156 battery units utilising LFP cell chemistry battery technology. Ultimately, financing for the project came from DNB Bank ASA, New York Branch and the National Bank of Canada.

DESRI has signed a 20-year power purchase agreement (PPA) with local utility El Paso Electric to sell power generated at the project, and is the company’s second project in the state, following the start of construction at the Carne project in August 2024.

“The Santa Teresa Project is a cornerstone of DESRI’s growing partnership with El Paso Electric and a prominent example of how cost-effective solar and storage assets can power New Mexico’s future,” said DESRI chief development officer Hy Martin.

The project is DESRI’s latest investment in the US south-west, following the start of construction at a solar-plus-storage site in Arizona last month. Similarly to its latest work in New Mexico, the developer signed a 20-year PPA to sell power, this time to the Arizona Public Service. Following the start of construction on these projects, DESRI now has 1.7GW of solar capacity under construction and 3.8GW of capacity in operation in the US.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

Premium
August 28, 2025
US solar companies could potentially pay “tens of billions” of dollars in retroactive duties on products imported from Southeast Asia between June 2022 and June 2024, following a decision from the US Court of International Trade (CIT).
August 28, 2025
Boviet Solar has completed exterior construction work on its 3GW PV cell manufacturing facility in Greenville, Pitt County, North Carolina. 
August 28, 2025
Developer Pacific Energy has successfully commissioned a 26MW solar-plus-storage site at the Atlas-Campaspe mine in NSW, Australia.
August 27, 2025
The governor of New Jersey, Phil Murphy, has signed a new legislation that seeks to build 3GW of new community solar by 2029.
August 27, 2025
Solargis' Marcel Suri reports on the mixing of datasets in solar project planning to artificially enhance financial attractiveness.
August 27, 2025
Noria has started construction on a 50kW floating PV pilot project, which includes the first trackers on a floating solar project in the US.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines