Standard Solar finishes 9.8-MW solar project in New Mexico
Solar system. Author: Mike Weber. License: Creative Commons, Attribution 2.0 Generic
Standard Solar Inc has completed a 9.8-MW solar project for the city of Gallup in New Mexico, the US solar developer said today.
Standard Solar financed the project and will own and operate the single-axis tracker facility, which is built on city-owned land. The solar farm is expected to produce more than 20 million kWh a year, or enough power to meet almost 10% of the city's needs. The 28,896-panel system will save the city USD 785,000 (EUR 670,000) in the first eight years of operation, according to the announcement.
"We’re excited that our unique ability to finance this project played a role in bringing it to its completion," said Standard Solar president and chief executive Scott Wiater.
The project was developed by Mangan Renewables, a unit of Mangan Inc, together with Wiser Capital and their proprietary underwriting platform.
A ribbon cutting event was held earlier this month.