Commentary: Just as clean energy sources emerge in New Mexico as a leading driver of economic growth, a new study has been released that details the full impact of achieving 50% renewable electricity generation by 2030. The first-of-its kind study released by the American Clean Power Association (ACP) highlights a once-in-a-generation economic opportunity with reaching majority renewable electricity generation in New Mexico.
The study found that by reaching majority renewable electricity generation within the next decade, New Mexico will see:
$17.1 billion in capital investments from wind and solar projects
13,700 good-paying, renewable energy jobs
$467 million in land-lease payments
$329 million in state and local tax payments from wind and solar projects