A $1.4 billion deal between Green Mountain, a California company, and the state of New Mexico is expected to bring in 500 megawatts of solar electricity by 2028, according to the company.
Green Mountain will operate the utility’s massive solar power facility in the central state.
The deal includes construction of a 500-megawatt photovoltaic (PV) plant in New Braunfels, the company announced in a press release.
This will generate enough electricity to power about 100,000 homes and businesses for 12 hours a day, Green Mountain CEO Richard Fitch said.
“We are pleased to welcome the new state to our solar portfolio and look forward to building on the successful partnership we have enjoyed in New Hampshire and Vermont,” Fitch added.
The company has built more than 600 megawatts (MW) of solar capacity in New England, which includes the state’s biggest cities and suburbs.
The company will build solar power facilities across New Mexico and Texas.
The New Braunpels plant will produce up to 200 MW of PV.
The solar energy plant will have a capacity factor of 1.8.
Green Mountain’s solar power plant in the New Braunfs.
(Photo: Green Mountain)Green Mountain is the world’s largest utility for installing solar power.
The firm also provides solar power to about 1,400 communities in Texas, New Mexico, Colorado, Nevada and Wyoming.