Corazon Energy Storage
150 MW storage in Bernalillo, NM · In queue since July 2021 · Proposed COD June 2024
150 MW
Capacity
1
Components
Battery
5 years
In Queue
IA Executed
IA Phase
COD target: 2024
Total Duration
2y 11m
Schedule
26 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: 6–18 months
Proposed COD: 2024-06-01
Corazon Energy Storage is a proposed 150 MW battery storage project located in Bernalillo County, New Mexico. The project, developed by an unknown entity, is interconnected to the Public Service Company of New Mexico (PNM) via the Pajarito 345 kV Substation. It entered the PNM interconnection queue as project number PNM-IA-PNM-2021-13 on July 12, 2021, with a proposed commercial operation date of June 1, 2024. The project's interconnection agreement (IA) has been executed.
The Corazon Energy Storage project has been featured in recent news coverage.
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
Bernalillo
Grid Region
Mountain West
Market
—
Developer
—
Utility
Public Service Company of New Mexico
Entity
PNM
Service Type
ERIS
Point of Interconnection
Pajarito 345 kV Substation
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.
Last updated 2026-03-26
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