Madrid, Spain-based renewable energy company GA-Solar and its parent company, Spanish steel manufacturer Corporación Gestamp, announced late last month they will build a $1-billion, 300-MW photovoltaic solar project near Santa Rosa, N.M. The project is expected to take up to four years to build on a 2,500-acre site. The company says it will obtain racking equipment and possibly inverters and steel from local sources. The project joins about 20 other utility-scale solar projects in New Mexico that are in the planning stages and total 1,815 MW.
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.