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Avangrid cancels merger with PNM following legal delays

January 3, 2024
Avangrid has cancelled a proposed merger with US utility PNM following two years of delays in the approval process.
DESRI has four projects in planning or operation in New Mexico. Credit: Ethan Wright-Magoon via Unsplash

AEP sells New Mexico solar business for US$230 million

January 3, 2024
US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.
Image: Iberdrola.

Iberdrola targets US$17 billion investment in renewables by 2025, 52GW of installed capacity

November 9, 2022
Iberdrola targets to invest US$17 billion in renewables in the next three years and reach 52GW of renewables capacity installed.
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New Mexico solar-storage project advances as utility continues coal-phase out plan

September 22, 2021
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's chairman and CEO, Ignacio Galan. Image: Iberdrola.

Iberdrola bolsters US renewables position with US$8.3bn PNM transaction

October 22, 2020
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.
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New Mexico utility plans nearly 1GW of solar-plus-storage to replace coal plant

October 13, 2020
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.
Facebook

Facebook to be powered by 100MW of solar in New Mexico

October 22, 2018
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.
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Facebook selects Affordable Solar to power New Mexico data centre

February 23, 2017
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.

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