Belen Energy
49.5 MW storage in Valencia, NM · In queue since July 2021 · Proposed COD July 2025
49.5 MW
Capacity
1
Components
Battery
4y 10m
In Queue
—
IA Status
COD target: 2025
Total Duration
4 years
Schedule
11 months past proposed COD
Interconnection request submitted to ISO/RTO
Project undergoes interconnection studies to assess grid impact.
Typical: 18–36 months
Interconnection agreement not yet executed
Typical: 30–60 days (negotiation)
Proposed COD: 2025-07-01
The proposed energy storage project PNM-IA-PNM-2021-17 is a 49.5 MW battery development in Valencia County, New Mexico. The project is listed in the Public Service Company of New Mexico (PNM) interconnection queue with an entry date of July 12, 2021. The proposed commercial operation date is July 1, 2025, and the interconnection agreement status is currently listed as "IA Pending."
The project, located in the western region, consists entirely of battery storage. The point of interconnection is the Belen Switching Station. The developer is listed as PNM.
Generated from interconnection queue and public data sources
Realization risk before commercial operation — cluster-study clearance, IA timing, counterparty mix, and withdrawal probability vs cohort. The diligence view that determines whether this project is worth pursuing. 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
Belen Switching Station
Data Source
LBNL
Composite operating-phase risk view — what this asset's risk profile would look like once it reaches commercial operation. 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 — what this project would produce assuming it reaches commercial operation. Probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios, conditioned on the proposed COD. 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. The bankability view that determines whether the deal clears its covenants once online. 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.
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Ask about Belen EnergyForward forecasts, scenario decomposition, and risk-decision tooling for this queue project.
