Public Service Company of New Mexico to add 410 MW of renewable energy resources by Summer 2026
The New Mexico Public Regulation Commission (NMPRC) greenlit an application by the Public Service Company of New Mexico (PNM) to add 410 MW of new solar and battery storage capacity by summer 2026.
The subsidiary of PNM Resources will add these resources to meet growing demand from its retail customers, following consecutive, record peak demands during the summers of 2022 and 2023. After the first round f that, PNM issued a request for proposals in late 2022 to identify potential new resources, and subsequently filed an application with regulators in October 2023.
“PNM’s system needs are growing, and we are pleased the Commission approved our application to meet these growing needs with additional clean energy resources,” Pat Vincent-Collawn, PNM Resources chairman and CEO, said. “We are continuing to fulfill our pledge to reach carbon-free energy in New Mexico while ensuring we can reliably meet our customers’ growing energy demands.”
Approved resources from the RFP included 100 MW of solar and 310 MW of battery storage. Among those will be a 60 MW battery storage facility owned by PNM itself. Once all are integrated, along with other renewable and battery storage resources previously approved, PNM announced this would bring its resource capacity to 75 percent carbon-free.
It still aims to reach 100 percent emissions-free status by 2040.
