New Mexico solar park to sell cheapest PV energy in US
A 3 MW solar power plant being built in New Mexico is to sell its power at less than $45/MWh, in what The Rocky Mountain Institute believes to be the lowest reported contract for distributed solar photovoltaic (PV) energy in the US. The plant, which is owned by SoCore Energy, will sell power to non-profit rural electric cooperative Otero County Electric Cooperative (OCEC) under a 25 year contract. OCEC will receive the renewable energy credits from the project.
Chicago-based SoCore Energy LLC is building a 3-MW, community-scale solar power plant in New Mexico that will be selling its output at a price below USD 45.00 (EUR 38.0) per MWh.

The Rocky Mountain Institute (RMI) believes that this is the lowest reported contract for distributed solar photovoltaic (PV) energy in the country, it said in a statement. RMI has provided project analysis for the project.

SoCore Energy, which is a wholly-owned subsidiary of Edison International (NYSE:EIX), has started work on the Carrizozo solar project in Lincoln County. Upon completion in March 2018, the solar plant will be selling its output at the above-mentioned price to non-profit rural electric cooperative Otero County Electric Cooperative Inc (OCEC). The contract has a term of 25 years and calls for OCEC to receive the renewable energy credits (RECs) from the project.

The Carrizozo scheme is expected to generate about USD 550,000 in property tax revenue over its lifetime. More than 25 contractors and other professionals will take part in construction activities at the site, RMI said.

(USD 1.0 = EUR 0.844)

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