Mexico:

Geothermal energy in New Mexico (Reve)

“We need base-load, dispatchable resources that are clean and renewable to balance out electricity from more abundant, but intermittent resources like solar power and wind energy.”

PNM included 10 megawatts of geothermal-generated electricity in its 2013 renewable energy procurement plan, submitted to the Public Regulation Commission on April 30.

If approved by the PRC, the utility would sign a 20-year power purchase agreement with Cyrq Energy Inc., which is investing $100 million to construct the “Lightning Dock” geothermal electric plant near Lordsburg. The plant, expected to come on line in January 2014, is the first utility-scale geothermal project under construction in New Mexico.

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