EPCOR, SynerGen in 90MW New Mexico PV partnership

Facebook
Twitter
LinkedIn
Reddit
Email
EPCOR will lease the land for the PV project to SynerGen. Credit: Ethan Wright-Magoon via Unsplash

US and Canadian utility the Edmonton Power Corporation (EPCOR) has entered a partnership with solar developer SynerGen Solar to develop and build a 90MW PV project in New Mexico, US.

Under the partnership, EPCOR will develop a roughly 485-acre tract of land to the south of the city of Clovis, New Mexico, upon which SynerGen will develop, build, own and operate the 90MW PV site.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

EPCOR said that it will receive renewable energy credits (REC) from the project’s production, sufficient to offset its entire operations in Clovis, as well as leasing revenue for the land during construction and over the 25-year lease agreement.

Power from the site will be sold to the New Mexico state grid, which is in the PNM interconnection region.

SynerGen said that it expects the project to be online by 2031, subject to interconnection studies and permitting reviews. The company predominantly handles the development and financing of commercial & industrial (C&I) and non-profit focused solar projects.

New Mexico is an attractive state market for solar PV. Last month, developer Origis Energy secured over US$300 million in tax equity commitments to develop a 200MWac project in the state, which leveraged both the Investment Tax Credit (ITC) and Production Tax Credit (PTC) facilities under the Inflation Reduction Act (IRA).

Around the same time, US utility American Electric Power (AEP) sold its commercial utility-scale solar portfolio in New Mexico to Exus Holdings for US$230 million. The high cash value of the solar assets will enable AEP to continue its plans for transmission expansion and development in its regulated markets, as explored in a feature on PV Tech Premium last month.

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

September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.

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