Enlight Renewable’s Atrisco Solar & Energy Storage project starts operations

Enlight Renewable Energy announces the initial start of commercial operations at its Atrisco Solar & Energy Storage project outside Albuquerque, New Mexico. The Project consists of 364 MW solar generation capacity and 1.2 GWh of energy storage capacity, and was developed and built by Enlight’s U.S. subsidiary Clenera. The Solar generation array is expected to reach full commercial operations over the next several weeks, and the Energy Storage complex of the project is expected to complete COD before year end. The power produced at Atrisco is being purchased by the Public Service Company of New Mexico under the terms of a 20-year power purchase agreement. The clean energy to be produced by the facility is equivalent to the average annual consumption of approximately 110,000 New Mexico households. Atrisco is the largest project built by Enlight both in terms of capacity and capital expenditure. Atrisco was built at a total cost of $827M and total Project cost net of tax equity of $407M. The Project is expected to generate revenues of $51M-$55M and EBITDA of $41M-$45M in its first full year of operation.