New Mexico Public Regulation Commission Approves PNM’s 410 MW Solar and Battery Storage Expansion

The New Mexico Public Regulation Commission (NMPRC) has approved an application from the Public Service Company of New Mexico (PNM), a subsidiary of PNM Resources , to add 410 megawatts (MW) of new solar and battery storage capacity by summer 2026.

The approved resources are intended to meet the increasing energy demands of PNM’s retail customers, with the company’s system peak demand hitting record highs during the summers of 2022 and 2023. The new capacity includes 100 MW of solar power and 310 MW of battery storage, featuring a 60 MW battery storage facility to be owned by PNM.

“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,” said Pat Vincent-Collawn, Chairman and CEO of PNM Resources. “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.”

PNM filed the application in October 2023, following a request for proposals issued in late 2022 to identify potential new resources for 2026. With the integration of these new resources, along with other previously approved renewable and battery storage projects, PNM aims to achieve a 75% carbon-free resource capacity by 2026.

This approval marks a significant step in PNM’s commitment to transitioning to cleaner energy sources and meeting the future energy needs of New Mexico.