Quay County, New Mexico, is the site of Duke Energy Renewables' new solar energy project, the Caprock Solar Power Project, on which the company recently began construction.
"We are pleased to bring this solar project to New Mexico and add the state to our growing U.S. renewables footprint," Duke Energy Commercial Portfolio President Greg Wolf said. "We're also excited to be partnering with a progressive cooperative like WFEC (Western Farmers Electric Cooperative), which reflects our commitment to provide clean-energy solutions for utilities, cooperatives, municipalities, corporations and other organizations."
The project, located near Tucumcari, will generate 25 megawatts (MW), which is enough to power approximately 5,000 homes. It will consist of more than 103,000 solar panels. Duke signed a 25-year agreement that will see all power generated from the project sold to WFEC.
"The costs of installing solar have dramatically decreased in the past few years and are much closer to competing with more traditional forms of generation,” Brian Hobbs, WFEC's vice president of legal and corporate services, said. “Coupled with other benefits, such as no ongoing fuel costs and decreased emissions, we felt the timing was right to introduce solar into our generation mix.