PNM Resources (NYSE: PNM) has finalized an agreement to sell its 50% ownership interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC. This decision, made in conjunction with American Electric Power (AEP) which also owns the remaining 50% of NMRD, involves the sale of the NMRD portfolio for an estimated […]
American Electric Power (Nasdaq: AEP) has entered into a strategic agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP and PNM Resources, jointly owning NMRD, have agreed to sell their portfolio of 15 solar projects, totaling 625 megawatts (MW), to Exus for approximately […]
