Public Service Co. of New Mexico (PNM) announced a plan Monday that would increase the amount solar power it owns by 30 percent next year and increase the wind power on its system by 50 percent in 2015. The plan must still be approved by the New Mexico Public Regulation Commission.
Under the plan, PNM would most likely build three new solar power projects in the Albuquerque area with a total of 23 MW of capacity. PNM would also begin purchasing wind energy produced by the 102.4 MW Red Mesa Wind Energy Center, which is owned and operated by NextEra Energy Resources, starting Jan. 1, 2015.
The company has previously installed 22.5 MW of solar generation in 2011 and has an additional 21.5 MW scheduled to come online this fall.
PNM’s proposal would meet the state’s requirement for a renewable energy portfolio equal to 10 percent of retail sales through 2014 and 15 percent starting in 2015. The proposal would add 83 cents to the average monthly residential bill starting in 2014.
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