October 13, 2020 Read More →

Power lost by San Juan closure will be replaced entirely by renewables

Solar Quarter:

An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published by the Institute for Energy Economics and Financial Analysis.

Karl Cates, an IEEFA analyst and author of the brief, said PNM’s plan, which would put “steel in the ground” as soon as January and will result in the buildout of 950 megawatts (MW) of utility-scale solar and storage by June 2022, signals a larger impending shift toward utility-scale renewables in the Four Corners area of Arizona and New Mexico.

“It will be seen industrywide as a fresh indication—on top of many others—of where regional and national energy markets are quickly moving,” says Cates. 

[Ashwini Chikkodi]

More: IEEFA: New Mexico’s Biggest Utility Moves Forcefully Toward Solar

Posted in: IEEFA In the News

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