D.E. Shaw starts building solar-plus-storage project with 100MW BESS in New Mexico

By JP Casey
July 13, 2023
LinkedIn
Twitter
Reddit
Facebook
Email

US developer D. E. Shaw has broken ground on a 200MW solar, 100MW battery storage project in New Mexico, set to come online in 2024.

D.E. Shaw Renewable Investments (DESRI) announced the close of financing and start of construction on its 200MWac San Juan solar and storage project this week (11 July).

This phase of the project, dubbed “San Juan 1” by DESRI, consists of the solar farm, alongside a 100MWac battery storage facility, all of which DESRI expects to come online in mid-2024.

The company announced that it had reached financial close for this phase, paving the way for construction to begin, and added that the later phases of construction will bring the total capacity of the San Juan project up to 400MWac, which would make the project the company’s largest by capacity.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The project is also notable as it looks to replace the capacity of the San Juan Generating Station, a coal-fired power plant in the region that was decommissioned by its owner, the Public Service Company of New Mexico (PNM), last year.

While the coal plant boasted a larger total capacity than DESRI’s San Juan project, with a nameplate capacity of 1.8GW, its final operating unit had a capacity of around 555MW, so its replacement with the San Juan project will only lower the region’s total power capacity by around 150MW. DESRI, and others in the solar sector, will be optimistic that this slight reduction in total capacity is justified by the transition from coal to a renewable power source.

“As a capacity replacement for a retired coal generator, the project is an important part of New Mexico’s transition to state of the art, cost-effective renewable energy, firmed by battery storage,” said DESRI chief commercial officer Thomas de Swardt. “We deeply appreciate the partnership of PNM, San Juan County, the San Juan Citizen’s Alliance, the project’s lenders and numerous other stakeholders and supporters in the community in achieving this milestone.”

The company is developing several large solar-plus-storage projects across the US covered by Energy-Storage.news, including a larger project with a 600MWh BESS in New Mexico, and a 400MWh one in California.

See the original version of this article on PV Tech.

Read Next

November 25, 2025
Texas-based IPP Vistra Energy has informed the California Energy Commission (CEC) that it will not be advancing its 600MW Morro Bay battery energy storage system (BESS).
Premium
November 25, 2025
Energy-Storage.news Premium speaks with Sky Stanfield, a member of IREC’s regulatory team and partner at law firm Shute, Mihaly & Weinberger, LLP, about the PUC’s decision and how IREC was involved.
November 25, 2025
San Diego-based home battery storage company NeoVolta has entered into agreements for a US$13 million private placement financing anchored by Infinite Grid Capital (IGC).
November 24, 2025
Developer Akaysha Energy has confirmed that the 850MW Waratah Super Battery will undergo a planned balance of plant shutdown from 20 November to 2 December 2025.
Premium
November 24, 2025
The low prices and strict operational requirements in Italy’s recent MACSE auction for BESS have brought asset management and operational execution into the spotlight.