New Mexico considers more aggressive renewable energy goals

SANTA FE — The New Mexico Legislature will consider increasing by more than four-fold the amount of renewable energy from sources such as wind and solar that utilities would have to provide their customers by the year 2040. Two Democratic lawmakers announced bills Wednesday that would gradually increase the share of renewable energy to 80 percent of power supplies by 2040, under the state’s investor-owned utilities. New Mexico’s current renewable energy portfolio is set to reach 20 percent of supplies by 2020. Electrical cooperatives would ramp up to a slightly lower threshold of 70 percent by 2040, under the proposed legislation, while municipal utilities continue to be exempt.

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