in News Departments > Projects & Contracts
print the content item

Lucky Corridor LLC, developer of a planned transmission project in northern New Mexico, has signed an anchor tenant agreement with Gallegos Wind Farm LLC to use 300 MW of the transmission project's estimated 850 MW of east-to-west capacity.

The Federal Energy Regulatory Commission granted Lucky Corridor authority to engage in negotiations with anchor customers in October 2012. The transmission project includes 100 miles of planned double-circuit, 230 kV line, plus additional upgrades to systems west of the project.

The Gallegos project, which is owned by an affiliate of an agricultural conglomerate based in Texas, plans to develop energy resources on up to 40,000 acres in Union County, N.M. Current efforts are under way by Gallegos to win power purchase agreements at the Four Corners NYMEX hub.

“Transmission upgrades in the renewable energy and gas resource areas near Four Corners, such as we have proposed, are a step toward protecting this NYMEX hub and its large historic distribution network as the Western grid’s energy resource mix evolves,” says Lynn Greene, CEO of Lucky Corridor.

In addition, a new memorandum of understanding between Lucky Corridor LLC and the New Mexico Renewable Energy Transmission Authority (NM RETA) was approved as of July 16. Pursuant to that contract, NM RETA will assist in the design of Lucky Corridor’s construction phase project finance structure.




Trachte Inc._id1770
Latest Top Stories

Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965