Announced
Completed
Financials
Tags
Acquisition
renewable energy
Private
Infrastructure
United States
Renewable Energy Equipment
Completed
Domestic
Single Bidder
Majority
Friendly
Synopsis
PNM Resources, an energy holding company based in Albuquerque, completed the acquisition of Western Spirit Transmission Project from Pattern Development, for $285m. "This project demonstrates one way New Mexico's renewable potential can be used to advance the state's economy, and it also highlights the critical need for transmission investment to achieve the clean energy future. We support NM RETA's goal to encourage renewable investment in the state and look forward to additional future opportunities," Pat Vincent-Collawn, PNM Resources Chairman, President and CEO.
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