The utility Tri-State Generation and Transmission Association has signed a power purchase agreement (PPA) with global investment and development firm D.E. Shaw Renewable Investments (DESRI) for the supply of electricity from the planned Alta Luna Solar Project, which is to be constructed in Luna County in southwest New Mexico.
Tri-State will purchase the entire output of the 25MW solar farm over the life of the contract. The facility is expected to come online in December 2016 and will receive electric service from New Mexico-based member of Tri-State, Columbus Electric.
The project will use a single-axis tracking array of over 108,000 PV panels on an 89-hectare site in Luna County, roughly 25 miles northeast of Deming.
The project was developed by Denver-based developer TurningPoint Energy before being sold to an affiliate of DESRI in partnership with Bright Plain Renewable Energy, a San Francisco-based project developer.
Brad Nebergall, Tri-State's senior vice president of energy management, said: “As with the other projects, Alta Luna represents a collaborative effort to find solutions to the various challenges that new generation presents – from siting and engineering to transmission access and financing. We are very thankful to our partners for their cooperation and shared vision in this effort.”
This is Tri-State's second PPA related to utility-scale solar PV in New Mexico and its third overall.
In 2010 the utility began receiving power from the 30MW Cimarron Solar facility in Colfax County, New Mexico. Last month Tri-State also announced the signing of a PPA for the 30MW San Isabel Solar Project to be constructed in southern Colorado.