New Mexico Approves Rock-Bottom PPA for State's Biggest Solar Plant

The New Mexico Public Regulatory Commission has given its blessing to the proposed power purchase agreement (PPA) between First Solar and El Paso Electric Power, for what will be the state’s largest solar power plant. First Solar bought the 50-MW Macho Springs solar project a few months ago from Element Power, which developed it on land leased from the New Mexico State Land Office in Deming (Luna County).

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