S&P: 10,000MW of renewable energy capacity to be operating in New Mexico by 2030

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):New Mexico’s recently bolstered renewable portfolio standard, or RPS, is expected to be a major driver as Market Intelligence estimates over 10,000 MW of renewable capacity installed in the state by 2030. Aggressive state renewable legislation, the expected participation in the Energy Imbalance Market, or EIM, corporate renewable demand, and a climate that supports utility-scale wind and solar power plants make New Mexico a popular destination for renewable developers through the next decade.In March of 2019, New Mexico’s state Senate passed Senate Bill 489 increasing the state’s RPS from 20% to 50% by 2030, 80% by 2040 with a goal to reach 100% carbon-free by 2045. This is a significant increase to their previous RPS which was set at 20% by 2020. Eligible technologies include solar, wind, geothermal, hydropower, fuel cells not powered by fossil fuels, biomass, landfill gas and anaerobic digested waste biomass.The 847-MW San Juan coal plant is scheduled to close in 2022 and the bill allows Public Service Co. of New Mexico, or PNM, a subsidiary of PNM Resources Inc., to securitize the costs of the closure. PNM has stated they plan to phase out coal generation entirely by 2031. The legislation permits the utilities to retain zero carbon resources in their generation portfolios until Dec. 31, 2047. Zero carbon resources, which would include nuclear power plants, are defined as generation assets that do not produce carbon dioxide emissions.In terms of compliance to their previous RPS obligations, New Mexico utilities have largely fallen short in recent years with qualifying utilities reaching only 83% of their overall RPS requirement in 2017. The previous legislation included carve-outs for wind, solar, biomass and distributed generation and utilities fell short in every technology.The state has an impressive pipeline to help make up this shortfall with over 5,000 MW of wind projects and 1,000 MW of solar projects in various stages of development. The pipeline for wind is particularly front-loaded with over 3,600 MW of capacity planned to come online between the end of 2019 and 2021. Solar projects are a little more spread out with almost 600 of the 1,000 MW planning to come online in 2022. Current estimates project in-state renewable builds surpassing 10,000 MW by 2030. As is the case in many regions across the country, transmission and distribution access will be a consistent concern over the next five years as thousands of megawatts of wind and solar projects undoubtedly located in remote locations across New Mexico are expected to come online.New Mexico’s newly implemented aggressive RPS, its aim to boost their participation in out-of-state markets, abundant land availability and favorable climate for wind and solar energy will make it one of the country’s most popular markets for renewables over the next ten years and beyond.More ($): Over 10 GW of renewable capacity expected in New Mexico by 2030 S&P: 10,000MW of renewable energy capacity to be operating in New Mexico by 2030last_img read more

Heisler: Unexpectedly, the NBA finds itself in a golden age

first_img Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Or, in other words, Ka-ching!If Houston GM Daryl Morey was standing up for principle, tweeting his support of Hong Kong protesters, NBA people were accustomed to speaking out without having to pay up … as when LeBron James called Pres. Donald Trump “a bum,” which prompted no outcry from the league’s leftward-tilting audience.At a projected loss of $750 million per season, the NBA isn’t as idealistic about China. The league’s most outspoken people like James and Golden State coach Steve Kerr now say, as if all together in a chorus, they don’t know enough about China to comment.“Yes, we do have freedom of speech,” James said last fall, chiding Morey about the dangers of social media – in a tweet. “(But there) can be a lot of negative that comes with it.”Indeed, that’s why defending it is important.Showing who they really were, NBA players were anxious to get back to work … understandable as it was in a game they can only play in their youth, in a league where an undrafted rookie on a one-year deal gets at least $898,310.Silver just celebrated his fifth year in office succeeding the feisty David Stern, who routed the union in the 2011 lockout and signed for 10 years of labor peace, retiring in 2014 with the stage set for a new $24 billion TV deal and a time of prosperity they had never known.Showing a deft marketing touch that he learned from Stern, Silver is now wooing the Chinese with the promise of more preseason exhibitions and a high-visibility tour by the U.S. team before this summer’s Tokyo Olympics.“The NBA fundamentals are still strong and the league is extremely well managed,” Sal Galatioto, a leading marketing executive told Forbes. “It has hit a couple of bumps, but it is still very powerful media content and the greatest international sport after soccer.”To show what “well-managed” entails, compare what the NBA has gone through with baseball’s crisis over the Astros’ sign-stealing scandal that seemed to grow daily, like the Blob in the old sci-fi movie, as even players as soft-spoken as the Angels’ Mike Trout, bashing the Astros for cheating.MLB commissioner Rob Manfred, holding one press conference after another, enraged everyone anew by dismissing the World Series champion’s Commissioner’s Trophy that he declined to take back from the Astros as a “piece of metal.”Said the Dodgers’ Justin Turner: “The only thing devaluing that trophy is that it says ‘Commissioner’ on it.”Not that it’s easy being Manfred in a game dominated by the union since it showed its power during the 1994 strike, forcing the owners to cancel a World Series, with the players jealously guarding their power ever since.The style of governing in the two leagues is explained by their history.Baseball is used to a light hand after decades of entitlement as “the national pastime,” with commissioners now acting at the pleasure of a dominant players’ union.Meanwhile, the NBA emerged from the bushes with its standing precarious, obliging its commissioners to rise to challenges.Sign stealing in baseball is hardly new. Repeating an old adage, players like the Cubs’ Mark Grace in the 1990s, and the White Sox’s Yasmani Grandal said last winter, “If you’re not cheating, you’re not trying.”In the most famous example, several members of the 1951 New York Giants later acknowledged stealing catchers’ signs with a telescope from their distant center field dressing room and triggering a buzzer system … which might or might not have helped Bobby Thompson hit one of the most famous home runs in baseball history to end their three-game playoff against the Brooklyn Dodgers.Related Articles AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersAt last week’s All-Star Game, Commissioner Adam Silver projected the lost Chinese revenues at about $400 million, but he didn’t sound too upset, noting the league has clung to its values while the Chinese get over it.In other words, the NBA was successful in backing down gracefully, appearing to stand for freedom of expression … as its people signaled that they understood this can’t happen again.China?Sorry. I’ve never heard of it.“It’s substantial, I don’t want to run from that,” Silver said of the lost revenue. “We were taken off the air in China for a period of time … But I don’t have any sense that there’s any permanent damage to our business there.” That was 69 years ago, long enough for MLB commissioners to clean up the practice … a task made more difficult as the union gained power.The NBA, on the other hand, has long promoted the notion of a partnership between management and labor, which is back in a good place after years of strife with business-like Chris Paul as union president, backed by his close friend, James, who was VP until last season.The NBA endured worse crises than baseball’s current one – an actual officiating scandal with referee Tim Donaghy declaring that he threw games, charging that the league ordered him to and other referees did, too, but Stern quickly got past it, re-establishing the league’s credibility.Baseball’s current predicament is so unseemly, James offered advice, tweeting, “Listen here baseball commissioner … you need to fix this for the sake of Sports!”Unlike China, that was safe ground for LeBron, with baseball fans already upset, as Shaquille O’Neal once said, “to the highest point of upsetivity.”So it’s an unexpectedly happy day in the NBA, if not everywhere. Clippers rookies key overtime victory over Oklahoma City Clippers’ rhythm is missing but their spirits strong before playoff opener center_img Lakers practice early hoping to answer all questions Welcome to the NBA’s Golden Age.No, really.Unimaginable as it seemed last fall in NBA’s standoff with China, the league is in the midst of its greatest boom with Forbes projecting it will set an all-time record of $9.5 billion in revenue this season, up from last season’s record $8.8 billion.The NBA has since gotten back to business… which has never been better, with prosperity more widespread than in what was considered the NBA’s zenith in the 1990s when Michael Jordan, the game’s matinee idol, led the Bulls to six titles, drawing record TV ratings… an era now eclipsed, at least financially, by this one. How athletes protesting the national anthem has evolved over 17 years Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more