DESRI has began building on the Santa Teresa Photo voltaic and Storage undertaking in Doña Ana County, New Mexico, for El Paso Electrical (EPE). The 150-MW photo voltaic, 600-MWh storage undertaking is the second undertaking DESRI is engaged on for EPE. The developer started building on Carne, a 130-MW photo voltaic, 260-MWh storage undertaking, final 12 months.
LG Vitality Resolution Vertech
“The Santa Teresa Challenge is a cornerstone of DESRI’s rising partnership with El Paso Electrical and a distinguished instance of how cost-effective photo voltaic and storage property can energy New Mexico’s future,” mentioned Hy Martin, Chief Growth Officer of DESRI. “The Challenge not solely contributes to regional grid stability by way of large-scale power storage, however it additionally underscores our shared dedication to scrub power and financial growth in Doña Ana County and throughout the state.”
Santa Teresa has a 20-year energy buy settlement with EPE. Financing for the development of the undertaking was offered by DNB Financial institution ASA, New York Department and Nationwide Financial institution of Canada as Joint Coordinating Lead Arrangers, Sumitomo Mitsui Belief Financial institution, Restricted, New York Department and Korea Growth Financial institution. Deutsche Financial institution Belief Firm Americas acted because the Administrative Agent.
LG Vitality Resolution Vertech will present U.S. made battery energy storage systems and the AEROS software program suite for the undertaking with steady assist by means of a long-term service settlement. SOLV Vitality will function the EPC contractor and also will present ongoing operations and upkeep providers as soon as the undertaking is operational.
“Throughout this sizzling summer season, power demand continues to rise. We’re proud to be part of a undertaking that helps assist the group by including clear power expertise to the electrical grid, and to take action utilizing U.S. made battery programs,” mentioned Jaehong Park, CEO of LG Vitality Resolution Vertech. “This can be a pivotal second for power storage, and we’re working with DESRI and El Paso Electrical to construct on the momentum we’ve seen within the American power storage market.”
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