New Mexico can meet the Energy Transition Act goals by 2030. 

Energy Storage Workshop October 19-20, 2022

New Mexico can meet the Energy Transition Act goals by 2030.

Energy Storage Workshop
October 19-20, 2022

Resources &
Common Questions

For Landowners

Why was RETA created?
The New Mexico legislature created RETA in 2007 making it  one of the first independent state authorities in the nation to  facilitate the licensing, construction and financing of high voltage transmission lines and energy storage projects, allowing delivery of renewable energy from remote areas that have enormous renewable energy potential to in-state and out-of-state customers.

When it was created, the New Mexico legislature gave RETA powers of eminent domain to acquire property or rights-of-way for public use if needed for RETA’s renewable energy projects.

RETA will always consider the use of eminent domain as a last resort, but these powers are essential to its mission and without it, there would not be the certainty necessary to construct these projects. As such RETA has taken steps to ensure that the rights of individual property owners are appropriately balanced with the needs of the public-at-large as it works to develop New Mexico’s renewable energy resources. 

How do I share my views with RETA?
If you have questions or concerns, please call 505-699-0599. Representatives are available Monday through Friday, 8:00 a.m. – 5:00 p.m. MST or send an email to valerie@nmreta.net. 
What are the benefits to landowners?
Each project is different, but RETA’s goal is always the same – to provide balanced oversight of right-of-way acquisition between landowners and transmission companies allowing landowners to achieve at least fair market compensation for their property while helping the developer get their project built. 

In addition to monetary compensation, these projects enable the landowner to become part of a team, working to make a large, positive impact on your community and state as a whole. 

For Developers

What is RETA?
The New Mexico Renewable Energy Transmission Authority, or RETA, is an organization that was established by the New Mexico State Legislature in 2007 to help diversify New Mexico’s economy through the development of renewable energy resources.
How can they help me develop my renewable energy project?
RETA’s role in New Mexico includes planning, financing, developing and acquiring high voltage transmission lines and energy storage projects within New Mexico.  RETA provides development support to transmission developers to enable these projects to timely meet all regulatory compliance requirements from local, state and federal governments while balancing fair and equitable treatment of land owners who provide easements for transmission facilities.
How does RETA work with businesses?
RETA is a resource for companies looking to develop renewable and transmission projects in New Mexico. There are numerous ways in which RETA can work with businesses including acquiring, maintaining, operating and financing transmission and storage projects.
How do they get their funding?
RETA is a state-funded entity but can also derive funding from developers based on services that RETA provides to developers. This makes RETA one of the few examples of a public-private partnering organization that has worked for several years. 
How can RETA help me work with landowners?
RETA provides balanced oversight of right-of-way acquisition between landowners and transmission companies. This enables developers to ensure that they are providing at least fair market compensation to landowners as they begin building their relationship with these individuals.
What types of resources can RETA offer me?
RETA provides independent and objective evaluation and support of promising renewable energy transmission projects and competitive bond financing for renewable transmission and energy storage projects. Additionally, RETA can offer varying levels of support for projects, depending on the developer’s needs, including providing a Letter of Support, entering into a Memorandum of Understanding (MOU), or entering into a project financing arrangement with the developer. 

Energy Purchasers

Does RETA help provide renewable energy outside New Mexico?
Yes. RETA’s focus is to facilitate the development of transmission and energy storage projects to allow renewable energy to be transported from remote areas in New Mexico to in-state and out-of-state customers. This promotes economic development in New Mexico. 
Who do I contact to answer questions about related topics?
Please contact Valerie Moquino with NM RETA via email at valerie@nmreta.net.
Are there existing transmission lines or proposed lines that can serve my utility?
Please visit our transmission facilities page for more information on current and proposed RETA transmission projects. 
How much renewable energy is available in New Mexico?
New Mexico experiences about 278 days of sunshine annually, and in some places, wind speeds of up to 50 miles per hour.  The renewable generation potential from these resources is enormous, and significantly surpasses the energy needs within New Mexico. Unfortunately, there are not enough existing transmission lines to get this energy to locations, both within New Mexico and outside of New Mexico where it can be utilized.
Does RETA have experience in working with transmission developers?
RETA has experience working with many national and global transmission developers involved in renewable energy projects. 
How does NM renewable energy compare to neighboring states?
According to the National Renewable Energy Laboratory (NREL) the central and eastern regions of New Mexico have some of the richest wind resources in the nation which are comparable to wind resources in Texas, Oklahoma, Nebraska, Iowa, and the Dakota’s. NREL’s data for solar energy shows that New Mexico’s solar resource is second only to Arizona in the United States and experiences an average of 278 days of sunshine each year. 
Why should I choose New Mexico as my source for energy?
New Mexico is rich in wind and solar energy. New Mexico wind resources are closer to Arizona and California than any other significant wind resource in neighboring states therefore the associated transmission costs should be less expensive to reach customers in these markets and wind energy provides a diversified supply advantage when combined with solar energy which is already available in Arizona and California. In addition, RETA’s leadership is experienced in working with developers to build these resources.
What are the investment opportunities in NM?
Investment opportunities vary. For more information, please contact Fernando Martinez, Executive Director, at fernando@nmreta.net.

Transmission Lines

How do they support these projects?
Without transmission lines, renewable energy can be generated, but not used. These lines enable the energy to be sent to locations where the power can be distributed to homes and businesses. 

 

What are transmission lines?
Transmission lines are a part of the infrastructure that is crucial to making renewable energy accessible to consumers. Without transmission lines, utilities would not be able to provide electricity to its customers from the rich wind resource areas in New Mexico which are located far away from where customers live and work.
What are the benefits to having them in my community?
These types of projects attract jobs and capital investment in your community. They create hundreds of construction jobs and many high-paying permanent jobs for these towns and surrounding areas.

Downloads

Meeting agendas and minutes can now be found on the Meetings page.

NMRETA Energy Storage Workshop - 10/19/22 & 10/20/22 - Santa Fe, NM
Public Notices
 

 

Resolutions
2018-001 Open Meetings Act

2019-001 – WS  Project Transaction

2019-002 Open Meetings Act

2019-003 RETA’s Authorizing Bank Relationship with NM Bank & Trust

2020-001 Amendment of Agreement between SunZia & RETA

2020-002 Establishment of a Short-Term Investment Account

2020-003 Authorize Executive Director to Execute Certain Contracts

2020-004 Authorize A Member of the Board to Execute Documents during Chairman’s Absence

2020-005 Authorize the Execution  of an Amendment to  the Letter Agreement dated May 1, 2019  

2020-006 Open Meetings Act 

2020-007 First Amendment to the WS Build Transfer Agreement (BTA) dated May 1, 2019

2020-008 Ratify the Signing of NM Commission Public Lands Grant of R-O-W by the Executive Director

2020-009  Change Bank Signature Authority

2020-010 Second Amendment to WS Build Transfer Agreement (BTA)

2020-011 First Amendment to WS Master Lease Agreement

2020-012 WS Transmission Line Financing

2021-001 Invenergy MOU Resolution 02.04.21

2021-002 SunZia Lease Resolution 02.04.21

2021-003 SunZia Resolution 04.01.21

2021-004 Lucky Corridor Resolution 05.19.21

2021-005 SunZia 1st Amendment Resolution 05.19.21

2021-006 Open Meetings Act Resolution 08.12.2021

2021-007 Invenergy Amended MOU Resolution 08.12.2021

2021-008 SunZia Letter Agreement Resolution 08.12.2021

2021-009 Signature Authority Resolution 11.17.21

2021-010 Lucky Corridor Lease and sub-easement Resolution 11.17.21

2021-011 SunZia 2nd Amendment Resolution 11.17.21

2021-012 SunZia Letter Agreement Resolution 11.17.21

2021-013 Identification Pattern Entity Resolution 12.01.21