GA-Solar, a subsidiary of Spain’s Corporación Gestamp, announced plans to build a photovoltaic solar project in New Mexico with a capacity of up to 300 MW.
The company said it will invest $1 billion in the development of the project to be located on 2,500 acres in Guadalupe County.
The company did not state whether it planned to build out the entire project, or complete it in phases; though it did say that construction is expect to take up to four years. No details were given as to the sourcing of photovoltaic panels.
Corporación Gestamp, one of the largest steel companies in the world,
said it plans to source the racking equipment from local manufacturing
facilities.
Construction is expected to employ 300 people in rural New Mexico. Upon completion, the company said it will maintain 75 full-time employees.
“I believe this unprecedented investment shows that New Mexico has not only become the center of the North American solar industry, but is ready to take its place as a global player in the production of renewable energy,” New Mexico Governor Bill Richardson said in a release.
GA-Solar is a developer of renewable energy projects in Spain, Italy, USA and India with over 200 MW commissioned.
GA-Solar’s parent company, Corporación Gestamp, is a $5 billion privately held Spanish corporation. It is a leader in the European steel, automotive component, storage and logistics sectors. It is also one the largest implementer of photovoltaic solar in Spain and Italy and partners with market leaders to build steel structures for PV and thermo-solar projects.
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