Quail Ranch Renewable Energy Project

planned

The Quail Ranch project in New Mexico combines 128 MW of solar generation with 400 MWh of energy storage capacity. It requires a total investment of $275 million and is scheduled to begin commercial operation toward the end of 2025. The project features a 20-year power purchase agreement with Public Service Company of New Mexico and is expected to generate approximately $24 million in annual revenue and $17 million in EBITDA in its first full operating year. The project shares interconnection infrastructure with Enlight’s Atrisco project as part of a strategy to utilize large interconnections for additional capacity. Wells Fargo is providing tax equity financing for the project.