Albuquerque city buildings getting $25M in solar panels

By The Associated Press

New Mexico's most populous city has plans to install more than $25 million in solar panels on city buildings over the next two years.

 

ALBUQUERQUE, N.M. (AP) — New Mexico's most populous city has plans to install more than $25 million in solar panels on city buildings over the next two years.

The installations in Albuquerque will mark the first phase in fulfilling a recently set goal of generating more of the city's energy from solar power.

Albuquerque City Councilors Pat Davis and Isaac Benton made the announcement Saturday.

They say the project's first phase of the project is expected to save taxpayers about $20 million over 30 years.

City councilors last September passed a resolution calling Albuquerque to generate one quarter of its energy from solar power by 2025.

The first phase of the project will begin later this year.

The project will be financed through the energy savings and federal bond credits.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs