CORAL GABLES, Fla., Jan. 15, 2016 (GLOBE NEWSWIRE) -- Breaking new ground in the field of renewable energy, Guzman Energy reached an innovative agreement with the City of Aztec, New Mexico to serve as the city’s primary power source – as well as construct, own and operate a solar energy farm.
“I think it’s a great direction for us,” said Aztec Mayor Sally Burbridge of the deal. “We have been, over the years, reviewing various projects and opportunities as they come up until one came up that made financial sense."
The project, which combines traditional power supply with the development and ownership of solar energy, will reduce the city’s energy costs as well as provide residents with clean renewable energy.
“Guzman Energy is committed to delivering sustainable and reliable cost savings to municipalities,” said Guzman Energy’s Chairman and CEO Leopoldo Guzman. “We are excited to partner with the City of Aztec and look forward to developing a long term relationship as we provide locally-produced, cost-effective clean energy.”
Beginning in July 2016, Guzman Energy will be the primary provider of power for the city of Aztec. The 1-megawatt (MW) solar-powered electric energy facility will generate approximately 8 percent of Aztec’s electricity with the balance coming from Guzman Energy’s other assets. Construction of the new solar farm, located on an eight-acre site within the city, is scheduled to begin in the first quarter of 2016 and be completed by mid-June.
About Guzman Energy
Guzman Energy is a multifaceted energy marketing company, bringing together leading minds in the domestic energy and power industries. The firm is headquartered in Coral Gables, Florida with offices in Denver, Colorado. Guzman Energy is an affiliate of Guzman & Company, a boutique investment bank and institutional brokerage firm, focused on the energy and power industries, and a portfolio company of Guzman Energy Group. To learn more about Guzman Energy visit www.guzmanenergy.com
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Source: Guzman Energy