New Mexico is a leader in wind energy.
Wind is a proven, cost-effective, and environmentally attractive source of power. As a result, wind power capacity in New Mexico has grown rapidly in recent years.
- Total Wind Capacity (2021 Q2): 4,428 MW
- Online wind capacity: 2,723 MW
- Under construction wind capacity: 1,606 MW
- Advanced development wind capacity: 100 MW
- Total online turbines: 1,411
- Online projects: 25
ECMD’s Wind Power Program performs a critical role in the development of wind power in New Mexico by conducting detailed wind resource assessments of the state and providing high-quality wind data to over 40 wind power developers, PNM, landowners, and other stakeholders. ECMD’S Wind Power Program provided studies and reports of the potential economic benefits of wind power to five counties: Eddy, Otero, Quay, Lea, and Colfax.
The potential for electricity generation from wind is enormous in some areas of New Mexico, especially on the eastern plains. According to the Energy Information Administration in 2020, New Mexico ranked 13 th amongst states in wind production. The wind energy generated contributes a substantial amount of the renewable electricity generated in New Mexico and in 2020 wind energy provided a fifth of in-state net generation from all energy sources. The 2020 National Renewable Energy Laboratory (NREL) Annual Technology Baseline data shows that New Mexico has the potential to produce many times more electricity than can be consumed in-state, which puts it in a position to export wind electric power.
Incentives offered in New Mexico include technical assistance from the New Mexico Renewable Energy Transmission Authority (RETA), Industrial Revenue Bond financing that provides relief from property tax, and a Gross Receipts Tax Exemption that allows an exemption from the gross receipts tax for certain wind equipment. The Energy Transition Act (ETA) set bold statewide renewable energy standards and established a pathway for a low-carbon energy transition away from coal while providing workforce training and transition assistance to affected communities. The ETA sets a statewide renewable energy standard of 50 percent by 2030, 80 percent by 2040, and a 100% carbon-free mandate for utilities by 2045 and rural electric cooperatives by 2050. The ETA also requires utilities to offer an optional green power tariff so that those customers willing to pay more for renewable power will be able to purchase larger amounts of renewable power. Green power tariffs are offered by PNM, Southwestern Public Service, El Paso Electric, and Kit Carson Electric Cooperative.