Desri has started with the construction of the Santa Teresa Solar and Storage project in Doña Ana County, New Mexico, for El Paso Electric (Epe). The Solar of 150 MW, 600 MWH Storage Project is the second project that Desri is working on for Epe. The developer started construction of Carne last year, a 130 MW of solar energy, 260 MWh storage project.
LG Energy Solution Vertech
“The Santa Teresa project is a cornerstone of the growing partnership of Desri with El Paso Electric and a prominent example of how cost-effective solar and storage assets can be capital New Mexico’s Future, “said he Martin, Chief Development Officer of Desri.” The project not only contributes to regional scheduling stability through large -scale energy storage, but also underlines our shared dedication to clean energy and economic development in Doña Ana County and throughout the state. ‘
Santa Teresa Has a 20-year-old electricity purchase agreement with Epe. Financing for the construction of the project was provided by DNB Bank ASA, New York Branch and national bank of Canada As joint coordinating lead vrangers, Sumitomo Mitsui Trust Bank, Limited, New York Branch and Korea Development Bank. Deutsche Bank Trust Company Americas acted as an administrative agent.
LG Energy Solution Vertech offers us made battery energy storage systems and the Eros software suite for the project with continuous support via a long-term service agreement. SOLV Energy will serve as the EPC contractor and will also offer continuous activities and maintenance services as soon as the project is operational.
“During this hot summer, energy demand continues to rise. We are proud to be part of a project that helps the community support by adding clean energy technology to the electric grid and to do this with the help of our battery systems made,” said Jaehong ParkCEO of LG Energy Solution Vertech. “This is a crucial moment for energy storage, and we work together with Desri and El Paso Electric to build on the momentum that we have seen in the American energy storage market.”
News item from Desri
