New 150-Megawatt Solar Power Plant For New Mexico

The article highlights the approval and upcoming construction of a new 150-megawatt solar power plant in Santa Teresa, Doña Ana County, New Mexico, scheduled for completion around 2026. This project includes a substantial 600 megawatt-hour battery energy storage system, emphasizing the ability of solar power to deliver clean electricity more rapidly than traditional gas power plants, which face significant delays due to turbine shortages. The plant will serve customers of El Paso Electric, a utility spanning parts of Texas and New Mexico, marking a notable interstate renewable energy initiative in a region where Texas has historically relied on in-state resources and maintained limited grid interconnections. The Santa Teresa project is developed by DESRI, a subsidiary of the global investment firm DE Shaw Group, which manages over $60 billion in capital and has a portfolio of 70 solar and wind projects totaling 9 gigawatts. Financing for the project involves several international banks, reflecting strong global investor confidence in the US renewable energy sector despite recent federal policy