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Juwi to Build 10-Megawatt Solar-Power Plant for El Paso Electric

Feb. 21 (Bloomberg) -- Juwi AG, a German clean-energy developer, will build and operate a 10-megawatt solar plant in Texas for regional utility El Paso Electric Co.

Construction of the Newman project in El Paso will start this summer and be completed in December, Juwi said today in an e-mailed statement. El Paso Electric will purchase the power generated for 30 years, Juwi said, without providing financial terms.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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