More and more states across the country are redefining what it means to be a clean energy leader by doubling down on their commitments to deploy solar, wind, and other renewable energy sources. Now the New Mexico legislature wants to add their state to the growing list. Recently introduced legislation would increase New Mexico’s successful renewable electricity standard (RES) from its current level of 20 percent by 2020 to 80 percent by 2040. Adopting the measure would capitalize on the state’s tremendous renewable energy resources and deliver substantial economic, health, and environmental benefits to all New Mexicans.
Introduced as SB312, the legislation builds on New Mexico’s current RES (also referred to as a renewables portfolio standard or RPS) and would require investor-owned utilities like PNM, Southwestern Public Service, and El Paso Electric to increase their supply of electricity from renewable energy sources to 80 percent by 2040.