- May 7, 2019 11:44 am GMT
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Public Service Company of New Mexico has acquired Western Spirit, a renewable transmission project, which will support the development of new wind resources in eastern New Mexico. "While sunshine and wind may be plentiful in New Mexico, the ability to deliver the clean energy they can produce is limited by the capacity of transmission lines. Expansion of the PNM transmission grid makes it possible for Pattern Development to invest in wind energy resources in New Mexico," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. The $285 million net investment will carry 800 megawatts of new wind energy to residents eager to participate in renewable energy.