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State Land Office issues lease for New Mexico wind farm

Power News - Published on Wed, 27 Dec 2017

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Associated Press reported that the State Land Office has issued a lease to a subsidiary of a California-based energy company to build a wind farm on trust land in New Mexico. Land Commissioner Aubrey Dunn announced the 50 year lease late last week, saying Cowboy Mesa LLC has plans to construct and operate a plant capable of producing 20 megawatts, or enough to power several thousand homes. The project will cover more than 1,600 acres (648 hectares) of state trust land near Corona in Torrance County.

As part of the lease, Cowboy Mesa will pay USD 3,295 per year in rent until commercial operations commence. Once operations begin, the base rent will increase to USD 107,222 per year.

The Land Office said that Cowboy Mesa’s parent company, San Francisco-based Pattern Energy, has a portfolio that includes 20 renewable energy facilities.

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Posted By : Nanda Koijam on Wed, 27 Dec 2017
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