ROCKVILLE, Md.--(BUSINESS WIRE)--Standard Solar, a leading commercial and community solar developer and asset owner, today announced the acquisition of a 4.98-megawatt (MW) solar project in Doña Ana County, New Mexico from developer Energy Management, Inc. (EMI).
The Bent Bow project, which EMI began development of in 2021, was one of six in Doña Ana County selected as part of New Mexico’s Request for Proposals for Community Solar projects initiative. More than 50 applications were submitted for projects in Doña Ana County.
Bent Bow contributes to the 30 MWs allocated to El Paso Electric under the act. The Community Solar Act, which caps the initial years’ total community solar deployment at 200 MWs across three investor-owned utilities, aims to facilitate energy access to low-income households and individuals in non-viable locations for rooftop solar. The act mandates that at least 30% of the energy from community solar arrays be dedicated to low-income subscribers, ensuring equitable benefits from New Mexico’s shift towards renewable energy. This project supports the state’s environmental objectives and enhances community involvement and energy independence, bringing tangible benefits to the local community.
Jim Gordon, President of EMI, said, “As a first mover in this market we were able to secure an award in El Paso Electric’s service territory and successfully develop and permit the project. It made sense for us to sell the project to Standard Solar since they plan to build out a portfolio of solar projects in New Mexico and we had a good experience selling Standard Solar an EMI solar project in Rhode Island.”
“The acquisition of this community solar project in Doña Ana County from EMI, exemplifies the efficiency of our transactions and the strength of our valued partnerships,” said Mike Streams, Chief Development Officer for Standard Solar. “This project, initiated by Energy Management, Inc. in response to New Mexico’s vision for community solar, represents a pivotal step forward in our partnership. Our collaboration advances our commitment to renewable energy projects in New Mexico and showcases the profound impact of aligned visions in propelling sustainable development forward, particularly for local communities.”
Upon its anticipated completion in late 2025, the ground-mount solar array is projected to generate a substantial 11,309.98 megawatt hours of energy annually, contributing significantly to the local renewable energy supply and reducing carbon emissions.
About Energy Management, Inc (EMI)
EMI is a leading privately held energy development company with over 45 years experience in developing, financing, constructing, and operating energy projects. EMI has developed independent power generation facilities representing more than $3 billion in project financing costs and over 1,400 MW in capacity. EMI management and employees possess broad expertise across all aspects of energy project development and multiple technologies, including natural gas, biomass, offshore wind, energy storage, and solar. Private ownership and independent corporate culture allow flexibility and creativity in project development and execution. www.emienergy.com
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar and solar + storage to businesses and institutions, farms, governments, communities, and utilities. Building on 20 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in developing, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 350 megawatts of solar across the United States. Based in Rockville, Maryland, Standard Solar is a portfolio company of Brookfield, one of the world’s largest owners and operators of renewable power and climate transition assets. Learn more at standardsolar.com, LinkedIn and on X (formerly known as Twitter): @StandardSolar.
For project acquisition and development inquiries, contact Harry Benson, Director of Project Development, 301‑944‑5125, harry.benson@standardsolar.com and on LinkedIn.
