Spanish company plans New Mexico solar plant
Gov. Bill Richardson joined with executives of GA-Solar and its parent company, Gestamp Corp., to announce the photovoltaic solar plant. It will cover 2,500 acres near Santa Rosa in eastern New Mexico.
The plant will take four years to complete and will produce 300 megawatts of electricity, enough to supply power to 50,000 households a year.
The project will employ 300 construction workers and provide 75 permanent jobs.
Power produced by the plant will qualify for state tax breaks for renewable energy.
Madrid-based Gestamp is a multinational company producing automotive and steel components and has renewable energy projects.
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The Quarterly Report on European Electricity Markets for the final three months of last year noted the number of periods of negative electricity pricing doubled from 2019, to almost 1,600 such events.
Having experienced just three negative price events in 2019, the Netherlands recorded almost 100 last year “amid a dramatic increase in solar PV capacity,” in the nation, according to the report.
Whilst stressing the exceptional nature of the Covid-19 pandemic on power consumption patterns, the quarterly update also noted a…
