New Mexico Utility Seeking Renewable Energy Proposals

NAW Staff, Wednesday 28 November 2012 - 12:19:09

Public Service Company of New Mexico (PNM) has issued a request for proposals (RFP) for renewable energy projects that will decrease its dependence on fossil fuels and help the company meet state renewable energy mandates.

PNM seeks multiple proposals for wind, solar, hydropower, geothermal and biofuel generation that can be available no later than 2015. The RFP does not include electric energy generated by natural gas, coal or nuclear power.

Beginning in 2015, PNM requires a total of 375 GWh of new qualifying renewable energy per year supplied through company-owned projects, power purchase agreements or purchases of renewable energy certificates from other renewable energy generators in New Mexico. The state has renewable portfolio standards of 15% by 2015 and 25% by 2020, with a 20% carve-out for wind energy.

The deadline for proposals is Jan. 31, 2013. More information is available here.




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