SunEdison and Xcel Energy wins a deal for five photovoltaic solar installations in New Mexico

SunEdison and Xcel Energy together wins a deal for five photovoltaic solar installations in New Mexico that will total 50 megawatts (MW) in generation capacity.

In total, the installations will generate enough power for more than 10,000 homes in its first full year of operation by producing 110 million kWh.

The five installations will be built, financed and maintained by SunEdison, under a 20-year solar power services agreement (SPSA) with Xcel Energy, which will buy the solar power generated by the plant.

The key features of the Solar PV energy systems are,

Produce over 2 billion kWh of clean solar energy over a 20-year lifespan. That is enough energy to power over 187,000 homes for one year.
Offset more than 1.3 million metric tons of CO2 over a 20-year lifespan, equivalent of removing more than 290,000 cars from the road for one year

"We are thrilled to begin harvesting New Mexico's rich solar resources, and we are equally proud to add this project to our growing base of wind energy, as we diversify our renewable energy portfolio," said Riley Hill, president and CEO of Southwestern Public Service Company, an Xcel Energy company. "We are also pleased to be working with SunEdison, a leader in solar development with the experience and financial strength to ensure a smooth project completion."

For more details visit www.sunedison.com