The New Mexico State Land Office is seeking lease bids for the El Cabo wind farm, a proposed 1 GW wind energy project that would be built on state trust land.
According to the office, the project would be located on 33,600 acres in Torrance County and built in several phases over the next 10 years.
‘A new and growing source of income for the State Land Office is renewable energy leasing, which is expected to be the largest growth area for our commercial resources division,’ says State Land Commissioner Ray Powell.
Powell notes that there are currently four wind farms on state trust lands, with five more applications pending. He says the existing projects are poised to earn more than $50 million over their lifetimes, and the pending projects could earn over $215 million.
On Sept. 19, bids will be accepted at an oral public auction at the Torrance County Courthouse to determine the highest bid for a long-term business lease. Additional information is available in the bid packet, which is available HERE.