Standard Solar Acquires 48.4 MW Community Solar Portfolio in New Mexico from Pluma Construction and ForeFront Power
Standard Solar has acquired an eight-project, 48.4 MW community solar portfolio across New Mexico, developed by Pluma Construction with support from ForeFront Power. Among the first projects delivered under New Mexico's Community Solar Program, the portfolio is already partially operational and expected to generate over 103,000 MWh annually. Standard Solar will serve as long-term owner and operator, with Solstice managing subscriber acquisition.
Transaction date: · Source: standardsolar.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 48 MW
- Transaction price
- Not disclosed
- Buyer
- Standard Solar
- Seller
- Pluma Construction and ForeFront Power
- Country
- United States
- Region
- New Mexico
- Location
- Multiple sites across New Mexico, including Pino near Santa Fe and New Mexico State Land Trust parcels
- Continent
- North America
- Development status
- Operational
- PPA
- n.a.
Technology details
Eight community solar projects with a combined capacity of 48.4 MW. Early projects are already operational, with additional capacity scheduled to come online through 2026. Portfolio expected to generate 103,287 MWh in its first year upon full completion. Several projects located on New Mexico State Land Trust land in partnership with the New Mexico State Land Office.
Additional information
Pluma Construction developed the projects with support from ForeFront Power. Standard Solar is the long-term owner and operator. Solstice is managing subscriptions. Active projects have capacity to enroll approximately 2,500 additional households. New Mexico's community solar program cap was expanded by 300 MW, with early demand significantly outpacing available capacity.
Source
Original announcement: https://standardsolar.com/news/pluma-construction-forefront-power-and-standard-solar-bring-48-4-mw-community-solar-portfolio-to-new-mexico/