Caprock Solar 1 LLC on Sept. 1 requested that the Federal Energy Regulatory Commission (accept for filing its market-based rate tariff, which will authorize Caprock Solar to sell energy, capacity, and ancillary services at market-based rates.
Caprock Solar is an indirect subsidiary of Duke Energy (NYSE: DUK) and intends to self-certify for qualifying facility (QF) status for its generating facility.
The Caprock Solar facility is a 25-MW (nominal) solar PV project located in Quay County, New Mexico. It will be interconnected to the transmission system of Southwestern Public Service in the Southwest Power Pool region. Caprock Solar has entered into a long-term (25 year) power purchase agreement with Western Farmers Electric Cooperative (WFEC) that provides for WFEC to purchase the full output of the facility through August 2040.
Prior to the commercial operation date under the PPA, Caprock Solar plans to sell test energy to third parties or into the SPP energy market. The project has an in-service target date of Nov. 1 of this year.