DE Shaw Renewable Investments (DESRI) has announced the start of construction at the San Juan 1 in New Mexico, US.

The move follows a financial close with DESRI’s lenders for the project.

The 200MWAC solar and 100MWAC battery storage facility is located next to the former San Juan Generating Station in San Juan County.

Designed to interconnect to the grid using existing infrastructure, the project is a crucial capacity replacement to the station, which was retired last year.

San Juan 1 is the first phase of a larger project, which is anticipated to supply the grid with a total of 400MWAC in renewable energy once it has been fully designed and built.

As part of a 20-year power purchase agreement with the Public Service Company of New Mexico, the project will supply renewable energy to customers and support its efforts to make all the electricity it generates free of emissions by 2040.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The project is anticipated to become operational in the middle of next year. Photosol US initially developed the project, before divesting it to DESRI last year.

As per metrics from the country’s Environmental Protection Agency (EPA), the facility is anticipated to produce enough energy to power approximately 52,400 homes each year.

DESRI CCO Thomas de Swardt said: “DESRI is thrilled to announce the start of construction at San Juan 1.

“As a capacity replacement for a retired coal generator, the project is an important part of New Mexico’s transition to state-of-the-art, cost-effective renewable energy, firmed by battery storage.”