Standard Solar, Inc., a leading solar energy company specializing in the development and financing of solar electric systems nationwide, today announced it will finance a 9.8 megawatt solar project to provide power to the City of Gallup (Gallup), New Mexico. The single-axis tracker array is expected to generate more than 20 million kilowatt-hours of power annually providing nearly 10% of the city’s energy use.
Mangan Renewables, a division of Mangan Inc., which provides renewable energy solutions for customers nationwidedeveloped the project in partnership with Wiser Capital and their proprietary underwriting platform. Standard Solar will own and operate the array. Construction is in progress and is expected to be completed and in operation in Q1.
The City of Gallup is the third largest municipally-owned utility in New Mexico in terms of energy sales and second in terms of total electric customers, providing electric services for approximately 11,000 accounts in the greater Gallup area. With nearly 280 sunny days on average each year, Gallup is ideally suited to take advantage of solar-energy resources. The 28,896 solar module single-axis tracker system is designed to maximize production yield for the system.
The solar farm is being constructed on approximately 31 acres of city-owned land south of Interstate Highway 40, between Allison Road and Muñoz Overpass, and is being financed through a solar power purchase agreement (PPA).