National Renewable Solutions has secured a fully executed Letter of Intent with a local landowner, Armand Smith, who controls 30,000 acres in Harding County in northeast New Mexico. Mr. Smith has relationships with the adjacent landowners to support a 90,000+ acre footprint.
The wind resource in northeastern New Mexico represent developments among the best in New Mexico and the country. As we’ve verified in our work throughout the development of the Broadview Energy projects, wind speeds in the region are proven to be in the range of 8.8-9.2 mps.
This footprint is served by a series of transmission lines serving PNM and Tri-State but can reach SPP to the northwest. Additionally, there is a possibility of connecting to the proposed DC lines, such as the Lucky Corridor, which would deliver energy from the area to the CAISO market.
Tri-State, in particular, has been very aggressive in recent months with the announcement of its Responsible Energy Plan (REP).
Tri-State’s REP commitment hikes their renewable generation portfolio portion to 50% of their overall fleet by 2024. A Tri-State 115kV line runs through the primary Stargazer footprint and leads up to the 230kV Gladstone Substation.
In mid 2021, NRS was acquired by BlackRock Real Assets – Climate Infrastructure Group* (“BlackRock”) with the intention of accelerating the development of its pipeline of projects toward financing, construction, and operations. With NRS’ on-the-ground development and origination expertise and BlackRock’s capital markets support and global reach, we have positioned ourselves as a major player in the U.S. renewable energy market.
* BLACKROCK REAL ASSETS OPERATES ONE OF THE LARGEST CLIMATE INFRASTRUCTURE EQUITY INVESTMENT PLATFORMS IN THE WORLD WITH OVER $9.7 BILLION IN TOTAL COMMITMENTS AND INVESTMENTS IN 450 RENEWABLE POWER AND OTHER CLIMATE RELATED PROJECTS ACROSS 17 COUNTRIES AND 5 CONTINENTS.