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November 30, 2021

San Juan Solar project, US

By Carmen

San Juan Solar project is a 598MW solar PV power project. It is planned in New Mexico, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 598 598 Permitting New Mexico, the US Panorama Holding; Photosol US Renewable Energy

Description

The project is being developed by Panorama Holding and Photosol US Renewable Energy. The project is currently owned by Photosol US Renewable Energy.

San Juan Solar project is a ground-mounted solar project.

The project cost is expected to be around $644.644m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

Power Purchase Agreement

The power generated from the project will be sold to PNM under a power purchase agreement from 2023. The offtake capacity is expected to be 200MW.

About Panorama Holding

Panorama Holding Co LLC (Panorama Holding) specializes in real estate development, investment, finance, consultation, and EB-5 projects.The company is headquarted in United States.

About Photosol US Renewable Energy

Photosol US Renewable Energy LLC (Photosol US Renewable Energy) is the renewable energy developer which carries out the development, construction, and operation of large-scale renewable energy plants. It also develops and builds onshore and offshore wind and solar power plants. The company is headquartered in United States.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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