Iris Del Sol
76 MW hybrid in Otero, NM · In queue since October 2020 · Proposed COD May 2023
76 MW
Capacity
1
Components
Solar
5y 9m
In Queue
IA Executed
IA Phase
COD target: 2023
Total Duration
2y 7m
Schedule
39 months past proposed COD
Interconnection request submitted to ISO/RTO
Project undergoes interconnection studies to assess grid impact.
Typical: 18–36 months
Interconnection agreement executed — binding commitment to build
Typical: 30–60 days (negotiation)
Project under construction
Typical: 18–30 months
Proposed COD: 2023-05-01
The Iris Del Sol project is a proposed 76 MW solar and battery hybrid development in Otero County, New Mexico. The project consists of 76 MW of solar generation. It is located in the West region and is being proposed within the Public Service Company of New Mexico (PNM) service area.
The project, identified as PNM-IA-PNM-2020-19 in the PNM interconnection queue, entered the queue on October 15, 2020, with a proposed commercial operation date of May 1, 2023. The interconnection agreement (IA) for the project has been executed. The point of interconnection is the Alamogordo-Holloman Airforce 115kV line.
Generated from interconnection queue and public data sources
Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.
See the full development-risk decomposition for this project.
State
NM
County
Otero
Grid Region
Mountain West
Market
—
Developer
—
Utility
Public Service Company of New Mexico
Entity
PNM
Service Type
ERIS
Point of Interconnection
Alamogordo-Holloman Airforce 115kV line
Data Source
LBNL
Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.
See the full risk decomposition + scenarios for this project.
Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.
See the full forecast + scenario decomposition for this project.
Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.
See the full revenue + DSCR projection for this project.
- ISO / RTO
- MOUNTAIN_WEST
- Trading Hub
- FOURCORNERS
- Hub Confidence
- UNKNOWN
This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.
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Ask about Iris Del SolForward forecasts, scenario decomposition, and risk-decision tooling for this queue project.
