pnm

Iberdrola targets to invest US$17 billion in renewables in the next three years and reach 52GW of renewables capacity installed.

A project combining 300MWac of solar with a 150MWac/600MWh battery energy storage facility in New Mexico has advanced after DE Shaw agreed to acquire it.

Iberdrola has cemented its status in the US renewables market by acquiring regulated utilities arm PNM Resources in a deal worth US$8.3 billion.

New Mexico’s largest utility plans to develop 950MW of solar and storage by 2022 as it exits the state’s San Juan coal plant and eyes 100% emissions-free electricity by 2040.

NM Renewable Development, LLC (NMRD), a joint venture between subsidiaries of utilities PNM Resources and American Electric Power, will build two 50MW solar PV projects in New Mexico to power Facebook facilities.

Facebook has chosen New Mexico-based renewable energy firm Affordable Solar to build 30MW of solar PV for its ‘Facebook Data Center’ in Los Lunas.