Public Service Firm of New Mexico breaks floor on third-largest solar undertaking on tribal lands
The Public Service Company of New Mexico (PNM), the wholly-owned New Mexico Utility subsidiary of PNM Resources, joined PNM Solar Direct program partners to celebrate the groundbreaking of the 50 MW solar project, the customer provides emission-free energy. The virtual groundbreaking ceremony provides a glimpse into the first utility-scale solar system on land in the Jicarilla Apache Nation and the third largest tribal solar system in the United States.
The innovative program should enable local governments, tribes, educational institutions and large customers to meet their clean energy goals. The program enables these customers to take advantage of utility-scale solar pricing while avoiding the upfront investments required to build and maintain individual custom facilities. PNM Resources continues to show a comprehensive, authentic approach to environmental, social and governance principles (ESG). Working with customers and utilizing third party energy developers fully support this approach and provide the most cost effective solution for moving to clean energy.
“Today’s groundbreaking ceremony underscores New Mexico’s solar potential and celebrates the remarkable partnership that has been formed in pursuit of a common goal,” said Pat Vincent-Collawn, chairman, president and CEO of PNM Resources. “As PNM takes another step towards its goal of zero-emission energy, we commend the Jicarilla Apache Nation, the Mayor of Albuquerque Keller, Western New Mexico University and our other partners in the PNM Solar Direct program for new business opportunities to create and create new things Mexico as a leading provider of clean energy. We lead by example and show that we can achieve more by working together. “
The planned solar capacity expands PNM’s rapidly growing renewable energy portfolio and promotes progress toward its goal of 100% emission-free energy by 2040. PNM currently serves customers in New Mexico with 658 megawatts of renewable capacity and has received regulatory approvals to expand that capacity to 2,015 megawatts by the end of 2022. The additional solar capacity will also help PNM meet government renewable portfolio standards of 40% by 2025, 50% by 2030 and 80% by 2040.
Message from PNM