PNM-IA-PNM-2020-21
100 MW hybrid in Valencia, NM · In queue since October 2020 · Proposed COD November 2023
100 MW
Capacity
1
Components
Solar
5y 9m
In Queue
IA Executed
IA Phase
COD target: 2023
Total Duration
3y 1m
Schedule
33 months past proposed COD
Interconnection request submitted to ISO/RTO
Project undergoes interconnection studies to assess grid impact.
Typical: 18–36 months
Interconnection agreement executed — binding commitment to build
Typical: 30–60 days (negotiation)
Project under construction
Typical: 18–30 months
Proposed COD: 2023-11-01
PNM-IA-PNM-2020-21 is a proposed 100 MW hybrid solar and battery energy storage project located in Valencia County, New Mexico. The development project, under the developer NextEra Energy, is interconnected to the Public Service Company of New Mexico (PNM) via the Sky Station point of interconnection. The project entered the PNM interconnection queue on October 14, 2020, with a proposed commercial operation date of November 1, 2023. The interconnection agreement has been executed.
The project consists of 100 MW of solar generation capacity. The project has appeared in recent news coverage, with seven articles categorized as deals and regulatory matters.
Generated from interconnection queue and public data sources
Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.
See the full development-risk decomposition for this project.
State
NM
County
Valencia
Grid Region
Mountain West
Market
—
Developer
—
Utility
Public Service Company of New Mexico
Entity
PNM
Service Type
NRIS
Point of Interconnection
Star Light Energy Center (Sky Station)
Data Source
LBNL
Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.
See the full risk decomposition + scenarios for this project.
Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.
See the full forecast + scenario decomposition for this project.
Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.
See the full revenue + DSCR projection for this project.
- ISO / RTO
- MOUNTAIN_WEST
- Trading Hub
- FOURCORNERS
- Hub Confidence
- UNKNOWN
This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.
Last updated 2026-03-26
View all articlesForward forecasts, scenario decomposition, and risk-decision tooling for this queue project.
