New Mexico regulators approve record-low solar contract for El Paso Electric

first_img FacebookTwitterLinkedInEmailPrint分享Utility Dive:The New Mexico Public Regulatory Commission approved on Wednesday one solar and one solar-plus-storage project to serve El Paso Electric’s customers.The projects were proposed to serve southern New Mexico and west Texas customers, and start service in the summer of 2022. One project will add 100 MW of solar for $0.015 per kWh while the second will add 100 MW of solar and 50 MW of storage for $0.021 per kWh, record-low prices for solar and storage in New Mexico.The PPAs mark the first time El Paso Electric uses large-scale battery storage in the state, replacing 91 MW of capacity from two units at the Rio Grande natural gas steam turbine plant, set for retirement in 2022.El Paso Electric also wants to spend $157.6 million to add a 228 MW natural gas unit to its Texas-based Newman Power Station, which has two units set to retire in 2022 totaling 152 MW, according to the Energy Information Administration.The utility presented the pricing for three PPAs last November, setting out [to] fulfill its obligations under the New Mexico renewable portfolio standards (RPS), but one project was rejected by regulators.“The low prices are noteworthy, particularly $14.99 per megawatt-hour for the Hecate project,” said Coalition for Clean Affordable Energy attorney Stephanie Dzur.[Iulia Gheorghiu]More: El Paso Electric sees record low solar prices as it secures New Mexico project approvals New Mexico regulators approve record-low solar contract for El Paso Electriclast_img

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