popular articles

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

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.

Publicite

Recently published in

EDPR NA Distributed Generation (EDPR NA DG) has finalized the Bristol I community solar project in Maine. This 3.4 MWac facility will supply electricity to more than 400 residential and local business subscribers, further strengthening Maine's growing commitment to solar energy.
The Centre for Environmental Research and Education (CERE) and BNP Paribas have completed the first phase of installing a 996 kWp photovoltaic solar system at the Advanced Centre for Treatment, Research, and Education in Cancer (ACTREC) in India. This project aims to reduce the institution's energy costs and enhance its operational efficiency.
The Centre for Environmental Research and Education (CERE) and BNP Paribas have completed the first phase of installing a 996 kWp photovoltaic solar system at the Advanced Centre for Treatment, Research, and Education in Cancer (ACTREC) in India. This project aims to reduce the institution's energy costs and enhance its operational efficiency.
Matrix Renewables has secured €40 million in financing from UniCredit for the construction of six solar power plants in Italy. This project, with a total capacity of 40 MW, marks the company's entry into the Italian market and aligns with its expansion strategy.
Matrix Renewables has secured €40 million in financing from UniCredit for the construction of six solar power plants in Italy. This project, with a total capacity of 40 MW, marks the company's entry into the Italian market and aligns with its expansion strategy.
The Cider Solar Farm project, now under construction in New York, represents a major investment in solar energy. It will create hundreds of jobs in the region and is expected to play a key role in the state's energy supply.
The Cider Solar Farm project, now under construction in New York, represents a major investment in solar energy. It will create hundreds of jobs in the region and is expected to play a key role in the state's energy supply.
Natixis Corporate & Investment Banking acted as the principal Bookrunner for MN8 Energy in financing three solar installations in North Carolina, Kentucky, and Illinois.
The construction of the FERKE SOLAR photovoltaic power plant has begun in Ferkéssédougou. This 52.42 MWc project, led by PFO Energies, represents a $65 million investment and will double the country's installed solar capacity. Completion is expected by the end of 2025.
The construction of the FERKE SOLAR photovoltaic power plant has begun in Ferkéssédougou. This 52.42 MWc project, led by PFO Energies, represents a $65 million investment and will double the country's installed solar capacity. Completion is expected by the end of 2025.
Montante Solar partners with Castillo Engineering to design two landfill solar projects totaling 13 MW in Niagara, New York. Using fixed-tilt ballast-mounted structures, these installations, currently under construction, are expected to be commissioned in the first quarter of 2025.
Montante Solar partners with Castillo Engineering to design two landfill solar projects totaling 13 MW in Niagara, New York. Using fixed-tilt ballast-mounted structures, these installations, currently under construction, are expected to be commissioned in the first quarter of 2025.
Cenergy has selected Next Wave Energy Monitoring to provide advanced monitoring and data acquisition systems (DAS) for over 60 MW of community solar projects in Illinois and Maine.
Cenergy has selected Next Wave Energy Monitoring to provide advanced monitoring and data acquisition systems (DAS) for over 60 MW of community solar projects in Illinois and Maine.
Consumers Energy and Hecate Energy have begun preliminary site work for the 360 MW Sunfish Solar 2 project in Lee Township, Michigan. This project will power approximately 69,000 Michigan homes and support the state's clean energy goals.
Nu E Power announces the start of commercial production at its Lethbridge One solar farm in Alberta, as part of its partnership with Low Carbon Canada Solar Limited.
Nu E Power announces the start of commercial production at its Lethbridge One solar farm in Alberta, as part of its partnership with Low Carbon Canada Solar Limited.
Harel Insurance and Amitim Senior Pension Funds invest $50 million to acquire a 44% stake in a renewable energy project portfolio in Israel, including solar and storage facilities.
Harel Insurance and Amitim Senior Pension Funds invest $50 million to acquire a 44% stake in a renewable energy project portfolio in Israel, including solar and storage facilities.
With 600 million Africans without electricity, massive investments in off-grid solar are emerging as a key solution. Cheaper and quicker to deploy than national grids, this model is attracting interest from donors and governments.
With 600 million Africans without electricity, massive investments in off-grid solar are emerging as a key solution. Cheaper and quicker to deploy than national grids, this model is attracting interest from donors and governments.
Duke Energy Florida has completed the commissioning of its 10 Clean Energy Connection solar sites, meeting its 2020 commitment to add nearly 750 megawatts of solar capacity in the state. These installations strengthen the energy infrastructure and stimulate the local economy.
JUWI will launch three solar projects in 2025 totaling 340 MW, aimed at supporting the activities of Glencore, Teraco, Sasol, and Air Liquide, with an investment of ZAR 6 billion.
JUWI will launch three solar projects in 2025 totaling 340 MW, aimed at supporting the activities of Glencore, Teraco, Sasol, and Air Liquide, with an investment of ZAR 6 billion.
Enfinity Global progresses in the Indian energy market by securing 2 GW of connectivity for strategic projects, bolstering solar and wind capacities in a country aiming for an accelerated energy transformation.
Enfinity Global progresses in the Indian energy market by securing 2 GW of connectivity for strategic projects, bolstering solar and wind capacities in a country aiming for an accelerated energy transformation.
SolaREIT finalizes a key land acquisition for Headwater Energy's Gum Swamp Solar project, strengthening solar capacity by 112 MW in a strategic state.
SolaREIT finalizes a key land acquisition for Headwater Energy's Gum Swamp Solar project, strengthening solar capacity by 112 MW in a strategic state.
Lightsource bp has completed the 187 MW Peacock solar project in San Patricio County, Texas, supplying electricity to the Gulf Coast Growth Ventures industrial complex.
Greenbacker, in partnership with Hecate Energy, secured nearly $1 billion in funding to construct a 674 MWdc solar park in New York. This project will be the state’s largest, powering 120,000 homes with clean electricity.
Greenbacker, in partnership with Hecate Energy, secured nearly $1 billion in funding to construct a 674 MWdc solar park in New York. This project will be the state’s largest, powering 120,000 homes with clean electricity.
Radiance Renewables has placed an order for 132.5 MWp of N-Type Topcon solar modules with Waaree Energies, showcasing a strategy focused on optimizing energy performance and economic outcomes in the C&I segment.
Radiance Renewables has placed an order for 132.5 MWp of N-Type Topcon solar modules with Waaree Energies, showcasing a strategy focused on optimizing energy performance and economic outcomes in the C&I segment.
Meta and Zelestra extend their partnership with agreements covering 595 MWac of solar capacity in Texas, boosting the ERCOT grid and their respective energy portfolios.
Meta and Zelestra extend their partnership with agreements covering 595 MWac of solar capacity in Texas, boosting the ERCOT grid and their respective energy portfolios.
After years of financial losses and failed negotiations for a buyer, EDF Renewables confirmed the closure of Photowatt, marking a turning point in the French photovoltaic sector.
HoloSolis secures the necessary authorizations to build a photovoltaic factory in Hambach, scheduled for 2026, with an €850 million investment and an annual capacity of 5 Gigawatts.
HoloSolis secures the necessary authorizations to build a photovoltaic factory in Hambach, scheduled for 2026, with an €850 million investment and an annual capacity of 5 Gigawatts.
The Energy Commission of Malaysia has launched a tender for the development of 2 GW of large-scale solar projects to strengthen its energy transition and meet its renewable energy targets by 2050.
The Energy Commission of Malaysia has launched a tender for the development of 2 GW of large-scale solar projects to strengthen its energy transition and meet its renewable energy targets by 2050.
The Norwegian fund Norfund invests an additional USD 40 million in CrossBoundary Energy to strengthen its portfolio of energy solutions in Africa, aiming to support the transition to decentralized renewable energy.
The Norwegian fund Norfund invests an additional USD 40 million in CrossBoundary Energy to strengthen its portfolio of energy solutions in Africa, aiming to support the transition to decentralized renewable energy.

Advertising