Business & Finance
Business and Finance
Business and Finance
Tue, September 6, 2011
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Sat, September 3, 2011 El Paso Electrica?s Renewable Energy Portfolio Continues to Grow
EL PASO, Texas--([ BUSINESS WIRE ])--El Paso Electric (EPE) (NYSE:EE) is now receiving 25 MW of renewable energy from two solar power plants in New Mexico. The energy purchases are part of El Paso Electrica™s ongoing program to supplement its energy mix with renewable energy sources.
"We currently have plans to invest in other solar projects that should come on-line within the next few years."
In August, EPE began receiving energy from NRG Energya™s 20 MW (megawatts) Roadrunner Solar Generating Facility located in Santa Teresa, NM as part of a 20-year purchase power agreement. First Solar Inc. provided engineering, construction and procurement services for the project using its advanced thin film photovoltaic solar modules, and is the operations and maintenance contractor for the facility.
In July, EPE began receiving electricity generated from the 5 MW Hatch Solar Energy Center in Hatch, New Mexico. The Center is owned and operated by NextEra Energy Resources. EPE entered into a 25-year agreement to purchase all the power generated from the Center. The Hatch Solar Energy Center uses concentrated photovoltaic (CPV) solar power systems, powered by Amonix Inc., that incorporate dual-axis tracking to maximize energy production throughout the day. The Hatch Solar Energy Center is currently the largest plant in the United States that utilizes this type of technology to harness the sun.
aThese projects are part of El Paso Electrica™s ongoing commitment to include solar energy as part of its overall energy mix provided to all its customers,a said Rocky Miracle, Senior Vice President, Corporate Planning and Development at El Paso Electric. aWe currently have plans to invest in other solar projects that should come on-line within the next few years.a
