The equity financing is complete for a 53.5 MW multi-site solar project in New Mexico -- one of largest photovoltaic solar power projects in the United States. Wells Fargo provided the construction and permanent equity financing, adding to its more the $2.7 billion investment in renewable energy projects. The energy generated from the solar farms is sold to Xcel Energy subsidiary Southwestern Public Service Co. (SPS) through a power purchase agreement with SunEdison. The solar power purchased will help SPS reach compliance with New Mexico's renewable portfolio standards.
