Bernalillo County approves $190 million in Industrial Revenue Bonds for energy storage facility
Oct 29, 2024
ALBUQUERQUE, N.M. (KRQE) – A nearly $200 million renewable energy project is in the works on Albuquerque's west side following a vote by the Bernalillo County Commission.
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Commissioners approved an ordinance giving $190 million in Industrial Revenue Bonds (IRB) to construct the Sun Lasso Energy Center. The facility will be developed on nine acres of land near PNM's Central Electric Substation near Central and 98th. The battery energy storage system will store excess energy to support the city's Southwest Mesa Power Grid and will help PNM reach its goal of zero carbon emissions by 2040. No tax dollars are used for the IRB program.
Construction is expected to begin in late 2025. The facility is expected to be operational in early 2027.