in News Departments > New & Noteworthy
print the content item

Houston-based Clean Line Energy Partners has signed an agreement to acquire Power Network New Mexico. The acquisition will be completed pending receipt of a regulatory approval.

Power Network and the New Mexico Renewable Energy Transmission Authority (RETA) are jointly developing the Power Network transmission project, which consists of a proposed 200-mile, 345 kV alternating current transmission line currently under development.

According to Clean Line, Power Network will collect 1.5 GW of renewable power from east central New Mexico and deliver the power to markets in the western U.S., which will complement Clean Lines' development efforts of the Centennial West project, the company notes.

The New Mexico legislature created RETA by statute in 2007 with the objective of facilitating renewable energy development in New Mexico through the agency’s authority to finance, plan, acquire, maintain and operate transmission and energy storage facilities. In 2010, RETA commissioned studies by Los Alamos National Laboratory and identified the Power Network project as a means of facilitating transmission in eastern and central New Mexico.


Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032