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.
The utility is planning on replacing the San Juan coal-fired station’s 847 MW of capacity with 650 MW of solar generation and 300 MW/1,200 MWh of accompanying energy storage. The new plan all but kills a proposal from San Juan’s owner and the City of Farmington to add a carbon-capture retrofit to the station.
Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?
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