New Mexico utility gets approval to add 40 MW of solar in 2015
Nov 27, 2014 - A state regulator on Wednesday cleared the Public Service Co of New Mexico (PNM) to install 40 MW of additional utility-scale solar capacity next year for a total cost of about USD 79.3 million (EUR 63.4m).
The New Mexico Public Regulation Commission (NMPRC) has approved PNM’s renewable energy procurement plan for 2015. The firm is now looking for sites for the new power stations, Gerard Ortiz, its vice president for regulatory affairs, told commissioners as quoted by the Albuquerque Journal yesterday. Plants will be built on three or four locations, he has said.
The addition of the fresh capacity will boost PNM’s solar portfolio to 107 MW. The company will also end up meeting the state’s 2016 requirement for public utilities to source at least 15% of their power from renewables.
Under a prior renewable procurement plan, PNM will also build a further 100 MW of wind farms in 2015. This means that, combined with its solar and geothermal capacity, the company will be able to produce enough power for about 150,000 average residential consumers.