Solar power project in New Mexico officially named

El Paso Electric Co. (NYSE: EE) and SunEdison, a subsidiary of MEMC Electronic Materials Inc. (NYSE: WFR), inaugurated and named the 12 MW Las Cruces Centennial Solar Farm near Las Cruces International airport in New Mexico.

The plant uses more than 48,000 of MEMC’s high-performance Silvantis P280 photovoltaic (PV) modules and covers approximately 140 acres. Equity financing for the solar farm was provided by PNC Energy Capital.

SunEdison and El Paso Electric signed a power purchase agreement for the full output from the plant. SunEdison financed and built the project and will operate and maintain it for 25 years.

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