Gov. Bill Richardson, D-N.M., has announced that Spain-based renewable energy company GA-Solar and its parent company, Corporacion Gestamp, plan to invest $1 billion in building a photovoltaic project in Guadalupe County, N.M.
GA-Solar's project will be located on 2,500 acres of land in Guadalupe County, which will be developed into a large solar array with the potential to reach upwards of 300 MW of installed capacity once completed. The project is estimated to take up to four years to construct, during which time the company will be employing 300 people in rural New Mexico. Upon completion, the company will maintain 75 full-time employees.
Corporacion Gestamp plans to source the racking equipment from local manufacturing facilities, the governor's office adds. Other potential entities attracted may include photovoltaic producers, inverters and steel manufacturers.
SOURCE: Office of Gov. Bill Richardson