First Solar, PNM partner on planned 23 MW New Mexico plants

First Solar has signed an agreement with Public Service Company of New Mexico (PNM) to construct three solar power plants totaling 23 MW.

Under the deal, First Solar would provide engineering, procurement and construction (EPC) services employing its advanced thin-film photovoltaic modules.

The agreement remains contingent on approval from the New Mexico Public Regulation Commission, which PNM filed for earlier this month.

First Solar expects the three projects to begin construction and be completed in 2014.

"We are very pleased to be working with PNM on these new projects," said Dana Diller, First Solar’s vice president of U.S. Business Development. "PNM and the state of New Mexico continue to make great strides in meeting their renewable energy goals, and First Solar is excited to play a significant role in that effort."

The projects, part of PNM’s 2014 portfolio of renewable energy resources, are in addition to five plants completed in 2011 and an additional 21.5 MW of solar PV to be completed this year, all totaling 67 MW that First Solar has contracted or is expected to construct with PNM by the end of 2014.

PNM is the largest electrical provider in New Mexico, serving more than 500,000 customers in dozens of communities across the state.