PNM Resources
Company description
PNM Resources is an energy holding company with subsidiaries primarily engaged in the utility industry based in the USA. Its principal subsidiary is the Public Service Company of New Mexico (PNM), an electric utility serving customers in New Mexico. It provides electric services to both retail and wholesale customers in New Mexico. The company generates, transmits, and distributes electricity. It has been involved in efforts to increase its use of renewable energy sources. This includes investments in renewable energy projects and initiatives to reduce the environmental impact of its operations. PNM's service territory covers a diverse range of customers, including residential, commercial, and industrial users.
Company details
Participation in projects
Projects as Project Owners per Country ()
Projects as Project Owners per Subsector ()
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The company has not participated in any projects.
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Company updates
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January 04, 2024
US$4.3 billion merger between Iberdrola, Avangrid, and PNM Resources blocked
Spain's Iberdrola has terminated its US$ 4.3 billion agreement to acquire Albuquerque-based utility PNM Resources. The agreement was contingent on regulatory approval, and the New Mexico Public Regul...
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May 04, 2022
Repsol starts power production of 62.5 MW Jicarilla 2 solar project in Rio Arriba County
Repsol SA, a Spanish multi-energy company, announced that its 62.5 MW Jicarilla 2 solar plant in New Mexico, its first in the United States, has started producing electricity. The photovoltaic (PV) p...
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December 15, 2021
PNM acquires 1.05 GWÂ Transmission Line project in USA
Public Service Company of New Mexico (PNM), wholly-owned subsidiary of PNM Resources, Inc., has closed on its purchase of the Western Spirit transmission line and service under the Transmission Servic...
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December 07, 2021
Commercial operations start for 800 MW wind link in USA
Pattern Energy Group LP and the New Mexico Renewable Energy Transmission Authority (RETA) announced that the Western Spirit Transmission line has been energized and is fully operational.
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September 24, 2021
DE Shaw Renewable Investments closed acquisition and debt financing of Arroyo Solar and Storage Project in New Mexico
D. E. Shaw Renewable Investments (DESRI) has closed the acquisition and debt financing for the Arroyo Solar and Storage (Arroyo) project in the State of New Mexico, USA. Arroyo project is a 300 MWacs...
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June 01, 2021
Pattern Energy signs PPA for 1.05 GW onshore wind farm in USA
Pattern Energy Group LP (Pattern Energy) and Uniper have signed 15 years power purchase agreement for 1,050 MW Western Spirit Wind project located in the Torrance and Lincoln Counties of New Mexi...
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October 26, 2020
Avangrid invests in PNM Resources
The board of directors of Avangrid Inc. has approved the acquisition of PNM by Avangrid. This friendly transaction, recommended by PNM's board of directors, will be effected via merger. PNM's sharehol...
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May 13, 2020
Avangrid starts construction of wind project in New Mexico
Avangrid has started the construction on 35,000 acres of state trust land for the development of the La Joya Wind Farm in Torrance County, New Mexico, in USA. The project will be comprise...
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April 06, 2020
New Mexico approves 50 MW solar project in Jicarilla Apache Nation
The Public Regulation Commission of New Mexico has approved the development of the solar photovoltaic plant with a 20 MW of battery storage facility in the northern New Mexico lands of the J...
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October 04, 2019
Western Spirit Transmission project acquisition receives regulatory approvals
PNM, the wholly-owned New Mexico utility subsidiary of PNM Resources has received the New Mexico Public Regulation Commission (NMPRC) approval to acquire the Western Spirit transmission proj...
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