Xcel Energy Seeks Renewable Energy Sources in New Mexico

A power company in the region is looking to a neighboring state in which they do business for more renewable energy sources.

Xcel Energy’s Southwestern Public Service Company is seeking proposals for renewable resources other than wind or solar to help diversify its renewable energy sources.

The company must comply with New Mexico regulatory requirements which call for 15 percent of the company’s New Mexico retail sales to be derived from renewable resources, and compliance is mandatory by 2015.

They will need to include approximately 88,705 megawatt-hours of “other” renewable energy generation, or the biogas equivalent by 2015.

10 percent of the total renewable resource requirement must include “other” technologies, such as biomass, hydro, or geothermal.

The company is soliciting bids for the increased sources. For more information, click here.