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Geothermal Energy Development on New Mexico State Trust Lands

Sector: Power Generation (CCGT) • Location: New Mexico, United States

Source: KUNM

Project
Planned

The State Land Office in New Mexico finalized a new rule for the exploration and production of geothermal energy on state trust lands. This rule positions New Mexico to become a leader in geothermal energy development due to its unique geological history and potential to create 163 gigawatts of geothermal power. The rule allows the land commissioner to structure leases, determine royalty rates, bo

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The project “Geothermal Energy Development on New Mexico State Trust Lands” is an infrastructure initiative in the Power Generation (CCGT) sector, located in New Mexico, United States. Taiyo aggregates data on it from KUNM.

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Participants

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planned

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Description

Description

The State Land Office in New Mexico finalized a new rule for the exploration and production of geothermal energy on state trust lands. This rule positions New Mexico to become a leader in geothermal energy development due to its unique geological history and potential to create 163 gigawatts of geothermal power. The rule allows the land commissioner to structure leases, determine royalty rates, bond requirements, and confidentiality of information related to geothermal development.

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Source

Source reliability

High

Data quality score

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