More good news from New Mexico with solar/storage replacing NG.
- The New Mexico Public Regulatory Commission approved on Wednesday one solar and one solar-plus-storage project to serve El Paso Electric's customers.
- The projects were proposed to serve southern New Mexico and west Texas customers, and start service in the summer of 2022. One project will add 100 MW of solar for $0.015 per kWh while the second will add 100 MW of solar and 50 MW of storage for $0.021 per kWh, record-low prices for solar and storage in New Mexico.
- The PPAs mark the first time El Paso Electric uses large-scale battery storage in the state, replacing 91 MW of capacity from two units at the Rio Grande natural gas steam turbine plant, set for retirement in 2022.