Tuesday, PNM said it reached a contract with First Solar (FSLR) to construct 22 megawatts AC of utility scale photovoltaic solar power plants in New Mexico. First Solar said it would construct the facilities using its advanced PV panels at five separate sites within PNM's service territory. The sites would be chosen based on cost, availability and suitability of land; the quality of a site's solar potential; environmental and permitting considerations; and level of local support.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.