in News Departments > Projects & Contracts
print the content item

Iberdrola Renewables has won the commercial lease bid for a proposed wind energy project that could ultimately generate 1 GW of electricity and would be located on 33,600 acres of State Trust Land in Torrance County, N.M.

According to the New Mexico State Land Commission, the proposed El Cabo project could be built in several phases over the next 10 years, creating 1,600 construction jobs and up to 50 permanent positions. Phase I is designed to be approximately 300 MW.

“We are grateful to the State Land Office, whose vision and commitment to the sustainable development of state land encourages businesses like ours to explore investing here,” comments Mark Stacy, Iberdrola Renewables’ development director. “Winning this bid is an important achievement in our ongoing efforts to bring the El Cabo project to fruition. We look forward to continued collaboration with the State Land Office, Torrance County, and other community stakeholders as we work toward making this project a reality and bringing jobs and other economic benefits to the local communities and to the State of New Mexico.”

State Land Commissioner Ray Powell says renewable energy leasing is a “new and growing source of income.”

“Today, there are four existing wind energy projects located on State Trust Lands that are expected to earn more than $50 million over the life of the projects,” explains Powell. “There are also nine pending applications that are projected to earn hundreds of millions of dollars in future years.”




Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

UEA_id1896
JLG_id1900
Acciona_id1907
WomenofWind_id
bonfiglioli_id1913
AWEA_id1886