NM Land Office to take bids for wind farm
New Mexico Land Office to take bids for proposed wind energy project in Torrance County
SANTA FE, N.M. (AP) -- The State Land Office says it will start taking bids for a proposed wind energy project that would be located on more than 52 square miles of state trust land in central New Mexico.
The El Cabo project would ultimately be capable of generating 1,000 megawatts of electricity, or enough to supply up to 400,000 homes.
Bids will be accepted at a public auction in September to determine the highest bid for a long-term business lease.
Land Commissioner Ray Powell says the project would be located in Torrance County. It would be built in several phases over 10 years.
There are currently four wind projects on state land that are expected to earn more than $50 million over their lifetimes. Powell says there are also five pending applications that are projected to earn more than $215 million.
