New Mexico utility dedicates solar power plant in Santa Fe

The PTC/ITC extension

SANTA FE, N.M. (AP) — New Mexico's largest electric utility has dedicated a new solar power station in Santa Fe County.

The plant is made up of nearly 38,000 solar panels and has the capacity to produce enough electricity for about 3,850 average residential customers.

The plant came online at the end of 2015, but community members and officials with Public Service Co. of New Mexico gathered Thursday afternoon just south of Santa Fe to dedicate the plant.

Officials say it will provide an estimated $165,000 annually in new tax revenue for Santa Fe County.

PNM says it has invested $270 million on solar power and currently has 15 utility-scale solar plants statewide. The utility serves about 500,000 customers.

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