Jim Townsend, a New Mexico State Senator, expressed concerns on X regarding renewable energy companies benefiting from taxpayer subsidies while delivering what he described as inefficient and costly energy.
"I'm glad the truth is being told more and more," said Townsend. "I'm not against wind and solar and believe continuing to research and develop is in order. What I am strongly against is the lie that it is cheaper and better, it is neither."
Townsend's remarks coincide with increasing legislative scrutiny of New Mexico's ambitious renewable energy targets and subsidies. The state's Energy Transition Act, enacted in 2019, requires 100% carbon-free electricity by 2045, prompting significant public investment in wind and solar energy. According to the New Mexico Legislative Finance Committee, this rapid transition has raised concerns among some lawmakers about economic impacts, infrastructure adequacy, and subsidy transparency.
According to the U.S. Energy Information Administration (EIA), New Mexico generated approximately 38% of its electricity from wind in 2023, ranking it among the top five states for wind generation share. Solar energy contributed an additional 7%, indicating the state's expanding renewable portfolio. However, the EIA notes that challenges remain in integrating these resources due to supply variability and limited transmission infrastructure, which can increase overall system costs.
A fiscal report from 2024 by the New Mexico Legislative Finance Committee indicates that renewable energy tax credits and direct subsidies surpassed $150 million in FY2023. The report raises concerns about concentrated corporate benefits, highlighting that several large out-of-state developers received most of the incentives. These findings have fueled criticism from policymakers like Townsend, who argue that taxpayers bear a disproportionate financial burden compared to the public benefit.
Townsend is currently serving as Minority Whip and is a former Minority Leader of the New Mexico House of Representatives. He is running for State Senate District 34. With decades of experience in the energy sector at companies such as Southern Union Co., Holly Energy Partners, and UNEV Pipeline Company, Townsend is a lifelong resident of New Mexico. He studied at New Mexico State University in Carlsbad and lives in Artesia with his wife Paula.
