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Highlighted Government Listings & Success Stories
The State of New Mexico
The State of New Mexico listed their property for lease for solar energy and battery storage on LandGate’s marketplace in Q1 of 2023. The listing drew in a total of 25 qualified offers, and a winning lessee was selected in June 2023. The lessee will begin developing a solar farm on the property in 2024. Since then, 2 additional listings have closed on LandGate's marketplace and the State plans to post most listings throughout 2024.
New Mexico will generate income from lease payments paid by the solar developer each year. This project is expected to generate approximately $28 million in tax revenue over its lifetime.
The project quadruples the renewable energy capacity on state trust land and helps New Mexico move closer to the goals set by the Energy Transition Act.
Generate a free property report to learn more about the value of your agency's property & its estimated lease rate for renewable energy opportunities by finding your property on our map using a parcel number or address:
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