ALBUQUERQUE, N.M. — Public Service Company of New Mexico plans to build four more solar power plants at a cost of $79 million to help it meet the state standard for renewable energy in 2016.
The additional 10-megawatt solar power plants will raise the company’s solar capacity to 107 megawatts, which could provide the power used by 40,000 average homes in a year.
“We believe our proposal will help us provide dependable power cost-effectively while reducing water use and carbon emissions at power plants,” said PNM Planning and Resource Director Pat O’Connell said in a statement.
PNM filed its new procurement plant with the Public Regulation Commission on Monday. The PRC will schedule a public hearing and make a decision on the plan later this year.
Starting next year, the state will require 15 percent of electricity to come from renewable sources. PNM says it will be able to meet that requirement with a combination of solar, wind and geothermal energy, along with renewable energy certificates from its customer solar program.