Market Overview

El Paso Electric, Element Power Sign Solar Power Purchase Agreement

El Paso Electric (NYSE: EE) and Element Power today announced the
execution of a power purchase agreement for the total output from
Element Power's Macho Springs Solar Project, a 50-MWAC solar
photovoltaic power plant located near Deming, New Mexico on land leased
from the New Mexico State Land Office.

El Paso Electric (EPE) selected Element Power's Macho Springs Solar
Project offering from a competitive all-sources power request for
proposals. El Paso Electric is proud of its partnership with Element
Power and looks forward to working together on such an important project
in EPE's service territory. The project's output will provide
electricity to EPE's customers at a competitive rate and enhance EPE's
increasing renewable energy

See full press release

Posted-In: News Guidance Management

 

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