Tri-State and D.E. Shaw Renewable Investments, L.L.C. (DESRI), have announced the execution of a 25-year contract to supply the association with renewable energy from the planned Alta Luna Solar Project to be constructed in Luna County in southwest New Mexico.
Tri-State will purchase the entire output of the 25-megawatt solar farm over the life of the contract. The facility is expected to come online in December 2016 and will receive electric service from Tri-State member Columbus Electric Cooperative, based in Deming.
“Alta Luna Solar is the third utility-scale renewable energy project we’ve announced this year and further demonstrates how Tri-State and its members are committed to a diverse, yet cost-effective generation fleet,” said Brad Nebergall, Tri-State’s senior vice president of energy management. “As with the other projects, Alta Luna represents a collaborative effort to find solutions to the various challenges that new generation presents – from siting and engineering to transmission access and financing. We are pleased to be contributing to this important initiative.”
The new solar site will consist of a single-axis tracking array of over 108,000 photovoltaic solar panels located on a 220-acre site in Luna County, approximately 25 miles northeast of Deming. The project was developed by TurningPoint Energy, a Denver-based developer, and subsequently sold to an affiliate of DESRI in partnership with Bright Plain Renewable Energy, LLC, a San Francisco-based solar project developer, investor and operator.
The Alta Luna Solar Project is Tri-State’s second utility-scale solar photovoltaic power purchase agreement in New Mexico and the third in its system overall. In 2010, the utility began receiving power from the 30-megawatt Cimarron Solar facility located in Colfax County, N.M., and last month Tri-State announced an agreement to purchase power from the 30-megawatt San Isabel Solar Project to be constructed in southern Colorado.
In 2014, 24 percent of the energy Tri-State and its member systems delivered to cooperative members was generated from renewable resources – one of the top ratios among electric utilities in the nation.