150 MW solar and storage projects: EDF Power Solutions North America and El Paso Electric (EPE) have officially started operations at the Milagro Solar+Storage project in Doña Ana County, New Mexico. The 150 MW DC solar project is paired with a 75 MW/4-hour battery energy storage system (BESS). It will supply electricity to EPE under a 20-year PPA. The project, capable of powering around 60,000 average homes, aims to balance electricity generation and demand, enhance grid reliability, and reduce dependence on fossil fuels, stated EDF. It created 200 construction jobs during its peak construction phase and is expected to generate $18 million in tax revenue for the county over its lifespan. 

Equity financing for Texas project: Enlight Renewable Energy’s US subsidiary, Clēnera Holdings, has closed 2 tax equity agreements for the 290 MW solar and 940 MWh storage Roadrunner Project near Tucson, Arizona. The deals with J.P. Morgan Chase Bank, M&T Bank, and First Citizens Bank provide around $340 million at COD, rising to $390 million when including pay-go contributions. Worth a total investment of $621 million, Roadrunner has begun test solar generation and aims for full operation by the end of 2025, projecting $50 million in 1st-year revenue and $40 million EBITDA. The project qualifies for PTC, ITC, and a 10% Energy Community Adder, under a 20-year PPA with Arizona Electric Power Cooperative.