Kit Carson Electric Cooperative and Torch Clean Energy Secure Funding to Achieve 100% Renewable Energy Goal
The addition of 21 MW of solar capacity and 15 MW of storage will help the cooperative reach its goal of 100% daytime solar dependency months ahead of schedule
TAOS, NEW MEXICO, UNITED STATES, April 6, 2021 /EINPresswire.com/ – Carson Electric Cooperative Kit (KCEC), a member-owned electricity distributor in northern New Mexico, has entered into a financial agreement with CoBank for 21 MW of solar capacity and 15 MW of storage. Serving nearly 30,000 members in Taos, Colfax and Rio Arriba counties, this achievement marks an important milestone for KCEC, which is achieving its goal of producing 100% daytime solar energy.
“Kit Carson aims to be the greenest co-op in the country. The addition of these two new solar panels gives us nearly twenty solar projects in our territory, making Taos and its surroundings the “solar capital of the world,” said Luis Reyes Jr., CEO of KCEC.
Through an agreement to provide turnkey development services, Torch’s own energy (Torch) has developed two solar and storage projects in the KCEC service territory: the Taos Mesa power plant, which will provide 15 MW of solar power and 12 MW of storage capacity, and the Angel Fire Energy plant, scheduled for provide 6 MW of solar energy and 3 MW of storage. capacity.
“Torch is honored to partner with Kit Carson on these two projects in support of Kit Carson’s efforts to become a fully renewable utility,” said Jon Kilberg of Torch. “This is a major milestone for the communities of Taos, the village of Angel Fire and the nation! We are proud to play a role in Taos and Angel Fire’s transition to a green future. “
Through a long-standing funding relationship as Kit Carson’s largest private lender, CoBank provided funding for both projects.
“CoBank Farm Credit Leasing is delighted to finance a leading edge solution that will help Kit Carson expand their energy resources and combine them with affordable renewable options,” said Landon Reneau, senior relationship manager with CoBank. “This is a major project with a number of subtleties that required all partners to work together to meet key project deadlines. We look forward to the success of their project in the coming months. “
KCEC and Torch selected a local engineering, procurement and construction contractor in New Mexico, Affordable Solar Installation (ASI) to build both the Taos Mesa site and the Angel Fire project. Construction of the projects is expected to begin in spring 2021, with both projects expected to be fully operational by the end of the year.
“We are delighted to be working with a co-op that matches our passion for renewable energy and we are honored to have been selected to help Kit Carson achieve his goal of becoming the greenest co-op in the country. We hope this project will have a positive impact on the communities of Taos County and Angel Fire Village, ”said Kevin Bassalleck, President of Affordable Solar Installation Inc.
When built, KCEC will exceed the 41 megawatts needed to meet its goal of 100% daytime solar power. Originally slated to be reached by 2022, this target can be reached up to nine months earlier than expected.
These new developments build on the racks installed by KCEC over the past 12 years, creating a network of distributed energy resources throughout KCEC’s service territory, which spans Taos, Colfax and Rio Arriba counties. 53 MW of renewable energy, including 38 MW of solar and 15 MW of storage capacity.
About Kit Carson
Formed in 1944, Kit Carson is a member-owned electrical distribution co-op in northern New Mexico and is the second-largest co-op in the state. Kit Carson is one of 16 electric co-ops serving rural communities in New Mexico, serving nearly 30,000 members in Taos, Colfax and Rio Arriba counties. To learn more about Kit Carson, visit www.kitcarson.com.
About Torch Clean Energy
Torch Clean Energy is a private renewable energy developer with extensive experience in the development, licensing, design and construction of solar and wind projects. Torch has more than 1,400 MW of projects under development across the United States, including more than 550 MW of contract assets expected to be built by 2023. To learn more about Torch, visit www.torchcleanenergy.com.
CoBank is a $ 159 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export finance and other financial services to agribusinesses and rural electricity, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated farm credit associations serving more than 75,000 farmers, ranchers and other rural borrowers in 23 states nationwide. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations licensed to serve the borrowing needs of U.S. agriculture, rural infrastructure, and rural communities. Based outside of Denver, Colorado, CoBank serves clients in regional banking centers across the United States and also has an international representative office in Singapore.
About affordable solar installation
Having started in an Airstream trailer in 1998, Affordable Solar’s roots go back to a passion for renewable energy, a strong commitment to community and fun. With several hundred megawatts of solar and energy storage projects completed and underway and over 150 employees, Affordable Solar has outgrown Airstream but remains committed to the principles on which the company was founded.
Carson Electric Cooperative Kit