The first phase of the project is expected to enter service in June with full commercial operation anticipated for fall 2022.
The RPS requires the utility to meet 40% of its New Mexico sales with renewable energy resources beginning in 2025.
SB 84 would establish a 100 MW community solar program and also include a 30% annual capacity carve-out for low-income customers and related service organizations.
“The major benefit is that we’ll be able to receive power during the noon-to-early-evening window, usually when the energy demand is at its peak,” said an NMSU official.
Also in the brief: A New Mexico regulator has recommended denial of El Paso Electric’s planned expansion of the Newman Generating Station, Gemserv has launched a digital platform aimed at helping businesses transition to electric vehicles and more.
Also in the brief: Nefarious deeds at the DOE — blocking yet another study favorable to renewables. The North American Energy Resilience Model joins the Seams study as a victims of agency bias.
The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion.
The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.
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