Connection

popular articles

Complete Solar acquires SunPower after bankruptcy for $45 million
Environmental Activists Oppose Construction of Photovoltaic Power Plant
Blackout in Venezuela: The Limits of a Fragile Power System
Tunisia: Agreements signed for two new solar power plants
Growing international business for Halliburton and Schlumberger

PNM receives approval for 410MW of solar and storage capacity

Public Service Company of New Mexico (PNM) has received approval to add 410 megawatts of new solar and storage capacity to meet growing demand by summer 2026.
PNM Nouveau Mexique
  • [favorite_button]

Please share:

The US energy sector continues to transform, with major initiatives to increase renewable energy capacity. Public Service Company of New Mexico (PNM), a subsidiary of PNM Resources (NYSE: PNM), recently received approval from the New Mexico Public Regulation Commission (NMPRC) to add 410 megawatts (MW) of new solar and storage capacity by summer 2026. This approval marks a crucial step in the company’s efforts to achieve a carbon-free energy supply.

Meeting growing demand

PNM has seen a significant increase in demand from its retail customers, reaching historic peaks in 2022 and 2023. To meet this growing demand, the company filed an application in October 2023 after issuing a call for tenders at the end of 2022 to identify potential new resources available for 2026. Approved resources include 100 MW of solar capacity and 310 MW of battery storage capacity, including a 60 MW storage facility to be owned by PNM.

“The needs of the PNM system are growing, and we are pleased that the Commission has approved our application to meet these growing needs with additional clean energy resources,” said Pat Vincent-Collawn, President and CEO of PNM Resources. “We continue to deliver on our commitment to achieve carbon-free energy in New Mexico while ensuring that we can reliably meet the growing energy needs of our customers.”

Towards a carbon-free energy future

The integration of these new resources, in addition to the renewable and battery storage resources already approved, will increase PNM’s resource capacity to 75% carbon-free by 2026. This development is in line with the company’s goal of achieving 100% emission-free energy by 2040.
With consolidated sales of $1.9 billion in 2023, Albuquerque, N.M.-based PNM Resources serves more than 800,000 homes and businesses in New Mexico and Texas through its regulated utilities, PNM and TNMP. The company has a total installed capacity of 3.3 gigawatts, combining the production and purchase of energy.
Full details of the application and related documents are available on the PNM Resources website, and the Commission Order will be added as soon as it is available.

Register free of charge for uninterrupted access.

Advertising

Latest news

Saudi Arabia abandons hopes of $100 oil price
Octopus Energy invests £2 billion in UK renewable energies
Russia: export ban on petrol and diesel may be lifted if there is a surplus
ExxonMobil secures 20-year access to new Guangdong LNG terminal
Putin strengthens ties with BRICS and OPEC+ in retaliation

Recently published in

Octopus Energy invests £2 billion in UK renewable energies

Octopus Energy plans to invest £2 billion in renewable energy projects in the UK by 2030, strengthening its portfolio of solar and wind assets to meet the country's decarbonization targets.
The Kubuqi desert becomes a strategic hub for solar energy in China
China is transforming the Kubuqi desert into a major solar energy production site, integrating photovoltaics and soil restoration, to reinforce its decarbonization objective.
Design sans titre-303
The Kubuqi desert becomes a strategic hub for solar energy in China
China is transforming the Kubuqi desert into a major solar energy production site, integrating photovoltaics and soil restoration, to reinforce its decarbonization objective.
Design sans titre-303
United States: DTE Energy launches three MIGreenPower solar farms
DTE Energy is commissioning three solar farms in Michigan, financed by the MIGreenPower program, aimed at boosting the state's renewable energy capacity and meeting decarbonization targets.
Design sans titre-301
United States: DTE Energy launches three MIGreenPower solar farms
DTE Energy is commissioning three solar farms in Michigan, financed by the MIGreenPower program, aimed at boosting the state's renewable energy capacity and meeting decarbonization targets.
Design sans titre-301
Renewable Land acquires 435 acres in Ohio for major solar project
Renewable Land has finalized the acquisition of 435 acres in Ohio, currently leased to a solar farm operated by EDP Renewables, to supply energy to Amazon as part of its data center initiative.
Design sans titre-292
Renewable Land acquires 435 acres in Ohio for major solar project
Renewable Land has finalized the acquisition of 435 acres in Ohio, currently leased to a solar farm operated by EDP Renewables, to supply energy to Amazon as part of its data center initiative.
Design sans titre-292

Stellantis and Orano cancel their battery recycling project

Stellantis and Orano abandon their planned joint venture to recycle electric vehicle batteries. The project, announced for 2023, will not see the light of day in 2026 as originally planned.
Molecular chemistry: A new way to store solar energy
Researchers are developing an innovative method for storing solar energy using photochromic molecules, offering promising prospects for the energy sector.
Design sans titre-258
Molecular chemistry: A new way to store solar energy
Researchers are developing an innovative method for storing solar energy using photochromic molecules, offering promising prospects for the energy sector.
Design sans titre-258
Macquarie invests USD 1.73 billion in D.E. Shaw’s renewable energy business
Macquarie Group announces a minority investment in D.E. Shaw Renewable Investments to strengthen its presence in the U.S. renewable energy market.
Design sans titre-245
Macquarie invests USD 1.73 billion in D.E. Shaw’s renewable energy business
Macquarie Group announces a minority investment in D.E. Shaw Renewable Investments to strengthen its presence in the U.S. renewable energy market.
Design sans titre-245
Renewable energies gain in competitiveness against fossil fuels
By 2023, 81% of new renewable energy capacity was cheaper than fossil fuel alternatives, emphasizing their key role in the global energy transition.
Design sans titre-241
Renewable energies gain in competitiveness against fossil fuels
By 2023, 81% of new renewable energy capacity was cheaper than fossil fuel alternatives, emphasizing their key role in the global energy transition.
Design sans titre-241

Carrefour and Qair sign strategic solar contract to power Italy

Carrefour and Qair have signed a solar power purchase agreement to supply around 75 GWh per year to Carrefour Italia, as part of its decarbonization strategy.
Complete Solar acquires SunPower after bankruptcy for $45 million
The Delaware Bankruptcy Court approves Complete Solar's acquisition of the core assets of SunPower Corporation for $45 million. The transaction includes the Blue Raven, New Homes and Dealer divisions, as well as the integration of 1,000 employees under the new entity.
Design sans titre-250
Complete Solar acquires SunPower after bankruptcy for $45 million
The Delaware Bankruptcy Court approves Complete Solar's acquisition of the core assets of SunPower Corporation for $45 million. The transaction includes the Blue Raven, New Homes and Dealer divisions, as well as the integration of 1,000 employees under the new entity.
Design sans titre-250
Spain targets 81% renewable electricity by 2030
The Spanish government has set a target of generating 81% of its electricity from renewables by 2030, while stepping up its ambitions for green hydrogen.
Design sans titre-229
Spain targets 81% renewable electricity by 2030
The Spanish government has set a target of generating 81% of its electricity from renewables by 2030, while stepping up its ambitions for green hydrogen.
Design sans titre-229
Origis Energy and TVA strengthen solar and storage in Mississippi
Origis Energy and the Tennessee Valley Authority sign an agreement for a 200 MW solar and storage project in Mississippi, boosting the development of renewable energies in the region.
Design sans titre-228
Origis Energy and TVA strengthen solar and storage in Mississippi
Origis Energy and the Tennessee Valley Authority sign an agreement for a 200 MW solar and storage project in Mississippi, boosting the development of renewable energies in the region.
Design sans titre-228

Mon Power and Potomac Edison launch 3rd solar site in West Virginia

FirstEnergy subsidiaries Mon Power and Potomac Edison are accelerating the deployment of solar infrastructure in West Virginia to meet the state's growing energy needs.
Q ENERGY inaugurates a 5 MW solar farm in Montfort
Q ENERGY commissions a 5 MW solar farm in Montfort, designed to supply electricity to around 2,800 people and boost renewable energy production in the region.
Design sans titre-207
Q ENERGY inaugurates a 5 MW solar farm in Montfort
Q ENERGY commissions a 5 MW solar farm in Montfort, designed to supply electricity to around 2,800 people and boost renewable energy production in the region.
Design sans titre-207
5.4 MW solar project in New York: SolarBank targets community production
SolarBank is developing a 5.4 MW solar power plant in Broome County, New York. This community energy project is expected to power more than 640 homes and benefit from NYSERDA incentives via the NY-Sun program.
Design sans titre-181
5.4 MW solar project in New York: SolarBank targets community production
SolarBank is developing a 5.4 MW solar power plant in Broome County, New York. This community energy project is expected to power more than 640 homes and benefit from NYSERDA incentives via the NY-Sun program.
Design sans titre-181
Zelestra obtains 132 million euros for its solar power plant in India
Zelestra has secured 132 million euros in financing for its 435 MW solar power plant in the Indian state of Rajasthan, confirming its expansion in India's renewable energy sector.
Design sans titre-180
Zelestra obtains 132 million euros for its solar power plant in India
Zelestra has secured 132 million euros in financing for its 435 MW solar power plant in the Indian state of Rajasthan, confirming its expansion in India's renewable energy sector.
Design sans titre-180

Axpo inaugurates France’s largest rooftop solar power plant in Beauvais

Axpo, via its subsidiary Urbasolar, commissions a 12.8 MWp solar power plant in Beauvais. This project contributes to the acceleration of solar power generation in France.
Green River: A new 400 MW solar project in Utah, with integrated storage
rPlus Energies launches a 400 MW solar and 1,600 MWh storage project in Utah, designed to provide reliable energy while boosting the local economy and boosting employment in the region.
Design sans titre-177
Green River: A new 400 MW solar project in Utah, with integrated storage
rPlus Energies launches a 400 MW solar and 1,600 MWh storage project in Utah, designed to provide reliable energy while boosting the local economy and boosting employment in the region.
Design sans titre-177
Grenergy doubles Oasis de Atacama’s capacity with 1 GW of solar energy
Grenergy strengthens its Oasis de Atacama project by acquiring 1 GW of solar energy from Repsol and Ibereólica, thereby increasing its energy storage and production capacities.
Design sans titre-175
Grenergy doubles Oasis de Atacama’s capacity with 1 GW of solar energy
Grenergy strengthens its Oasis de Atacama project by acquiring 1 GW of solar energy from Repsol and Ibereólica, thereby increasing its energy storage and production capacities.
Design sans titre-175
Madagascar aims to triple its energy capacity to support its industry
Madagascar is undertaking a major energy transition to meet its growing energy demand, aiming to reduce its dependence on fossil fuels with ambitious solar and hydroelectric projects.
Design sans titre-170
Madagascar aims to triple its energy capacity to support its industry
Madagascar is undertaking a major energy transition to meet its growing energy demand, aiming to reduce its dependence on fossil fuels with ambitious solar and hydroelectric projects.
Design sans titre-170

Ammper Power signs agreement for 50 MW solar project in Texas

Ammper Power is finalizing a 50 MW PPA for a solar project in Texas, scheduled to be operational by the end of 2025. This initiative is designed to meet the growing energy needs of the industrial and commercial sectors.
Energy security depends on integrating renewable energies, says IEA
The rapid expansion of solar and wind power requires structural reforms to ensure their full integration into global power systems and avoid significant production losses.
illustration VRE
Energy security depends on integrating renewable energies, says IEA
The rapid expansion of solar and wind power requires structural reforms to ensure their full integration into global power systems and avoid significant production losses.
illustration VRE
EIB finances 17 solar power plants in Southern Europe with a €166 million loan
The European Investment Bank (EIB) is financing 17 new solar power plants in Spain, Italy and Portugal, with the aim of boosting energy security and reducing Europe's dependence on imported fossil fuels.
Infrastructures solaires BNZ
EIB finances 17 solar power plants in Southern Europe with a €166 million loan
The European Investment Bank (EIB) is financing 17 new solar power plants in Spain, Italy and Portugal, with the aim of boosting energy security and reducing Europe's dependence on imported fossil fuels.
Infrastructures solaires BNZ
New Zealand: Studies launched for a 115 MWp solar farm
Bison Energy begins feasibility studies for the Norwood solar farm, a 115 MWp project in the Canterbury region. This development marks a key step in the expansion of large-scale solar power in New Zealand.
Untitled design-148
New Zealand: Studies launched for a 115 MWp solar farm
Bison Energy begins feasibility studies for the Norwood solar farm, a 115 MWp project in the Canterbury region. This development marks a key step in the expansion of large-scale solar power in New Zealand.
Untitled design-148

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS