January 3 (Renewables Now) - Chicago-based Hecate Energy LLC has clinched a long-term offtake deal to sell electricity to El Paso Electric Company (EPE) from a 100-MW solar project in New Mexico.
The renewables developer said in a press release the project has been selected in a 350-MW request for proposals that EPE held in a drive to add more clean power to its network and meet demand in the 2022-2023 summer peak season, replacing ageing gas-fired stations.
Electricity under the power purchase agreement (PPA) will come from the Santa Teresa photovoltaic (PV) park that will be built in the community with the same name in Dona Ana County. Its commissioning is planned to take place by May 2022.
The PV project is still pending regulatory clearance, according to the statement. Once up and running, it will be able to produce power to supply around 40,000 homes.