D E Shaw Renewable Investments (DESRI), in partnership with Public Service Company of New Mexico (PNM) and SOLV Energy, recently celebrated the groundbreaking of the San Juan 1 project. San Juan 1 is a 200MWac solar and 400MWh storage facility located in Farmington, New Mexico.
The event was attended by local stakeholders as well as leadership from the three companies, the United States Department of Energy, the Navajo Nation, San Juan County, the Cities of Kirtland and Farmington, and the state of New Mexico. Thomas de Swardt, chief commercial officer of DESRI, said: “We are thrilled to achieve this milestone on the San Juan 1 project. “In the face of numerous headwinds facing the industry over the last two years, we deeply appreciate the hard work, creativity, and persistence of our partners to successfully bring this project into construction.” The San Juan 1 project has 20-year PPAs with PNM and is currently being constructed by SOLV Energy. The facility is expected to begin commercial operations toward the end of the year 2024.
Credits: renews.biz [Image: DESRI]