New Mexico has passed a key threshold in its transition away from fossil fuels. Public Service Company of New Mexico, a utility owned by PNM Resources, will build 650 megawatts of solar power and 300 megawatts of battery capacity to divest its share of the San Juan coal plant in 2022. The unanimous decision last week by the Public Regulation Commission makes New Mexico a test case for how to move away from coal power without decimating the communities that supplied and operated those plants. “It speaks to just how quickly the economics of storage are changing,” New Mexico Sen. Martin Heinrich, a Democrat, told Greentech Media over the phone Thursday. The decision marks a new scale of battery deployment for New Mexico, though projects of that size are underway in other states.
GTM 7th Aug 2020 read more »