According to the office of New Mexico Governor, Bill Richardson, the Spanish renewable energy company GA-Solar will be building one of the largest photovoltaic (PV) solar projects in the world. GA-Solar and their parent company, Corporacion Gestamp, plan to invest $1 billion in the development of this project in New Mexico.
"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," Governor Richardson said, "Building a comprehensive clean energy economy is key to the economic stability and vitality of New Mexico’s future."
Governor Richardson’s office states that, "the 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 300MW of installed capacity once completed. It is expected to generate enough energy to power the equivalent of 50,000 homes for one year."
Jon Riberas, CEO of GA-Solar and Corporacion Gestamp stated, "GA-Solar is a leader in the photovoltaic solar generation. The U.S. renewable energy market is the largest in the world, and we are fortunate to be in a region that has the necessary abundance of sun, wind and biomass activity for the production of renewable energy as well as the development of all business units within Gestamp Renewables."