Solar entrepreneur becomes New Mexico s 1st billionaire
April 8, 2021
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ALBUQUERQUE, N.M. (AP) A longtime Albuquerque resident has been listed as a billionaire on Forbes annual list of the richest people in the world. The magazine published its latest rundown of global billionaires this week.
Ron Corio, 59, was listed at No. 2,524, becoming the state s first billionaire, The Albuquerque Journal reported Wednesday. Forbes reported that Corio had a net worth of $1.1 billion as of Tuesday.
He is one of 2,755 global billionaires included on this year’s list and one of 724 in the U.S.
Corio was born in New Jersey and moved to New Mexico in 1979, launching Array Technologies, Inc. in 1989 at the age of 28.
Solar entrepreneur becomes New Mexico s 1st billionaire
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The narrative in the solar space is both highly variable and very stable. On the one hand, the rules keep changing and stocks in the space keep reacting. But state-by-state rules are also important.
This week, we found out that a possible alteration to California solar rules might damage the prospects of solar installers and developers in the state. Specifically, 3 big utilities in the state proposed new charges and a reduction in a key benefit for solar customers.
PG&E (PCG), Southern California Edison, and San Diego Gas & Electric requested a charge to customers who have solar panels monthly fees: both a flat charge and a “grid access” charge per kilowatt.
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