Renewable energy firm doubles down on western wind projects
ALBUQUERQUE, N.M. — A California-based renewable energy developer plans to increase by seven-fold its investments as it prepares to build more wind farms in New Mexico over the next several years.
A recent analysis commissioned by Pattern Development shows a $1.2 billion economic impact from its wind farms in eastern New Mexico and West Texas. That’s hundreds of millions of dollars more than what was initially projected in 2015 before development began and bodes well for what the state can expect in benefits from future construction, company officials said.
Xcel Energy, which provides electricity to customers in parts of New Mexico and Texas, also is investing millions of dollars in wind farms, substations and transmission lines.
Texas already leads the U.S. in installed wind capacity, and New Mexico is on pace to double its current capacity with projects under construction or in the stages of advanced development.
Read more: https://www.lubbockonline.com/news/20191009/renewable-energy-firm-doubles-down-on-western-wind-projects
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