Customer Support
09/25/2020

Xcel Energy completes Cheyenne Ridge Wind Project

New low-cost wind resource delivers emissions-free electricity

DENVER (September 23, 2020) – Xcel Energy announced completion of a 500-megawatt wind farm that will provide enough energy to power about 270,000 homes in Colorado. Cheyenne Ridge is a company owned wind farm that will bring customers additional carbon-free energy and move the company closer to delivering on its goal to reduce carbon emissions 80% by 2030.

“We are proud to bring our customers more of the clean, affordable renewable power they have been asking for,” said Alice Jackson, president Xcel Energy—Colorado. “Cheyenne Ridge is a perfect example of our commitment to customer value, a foundation that underlies all that we do, and will provide safe, reliable and affordable energy well into the future.”

Cheyenne Ridge was completed ahead of schedule and under budget and began operations in August 2020. Since it began operations, Xcel Energy—Colorado set a record for hourly wind generation with this project helping wind on our system serve close to 70% of customer load earlier this month.

The wind energy produced by its 229 turbines in Cheyenne and Kit Carson Counties will travel across 70-miles of transmission lines on the Eastern Plains to customers throughout Colorado. Cheyenne Ridge is part of Xcel Energy’s Colorado Energy Plan, a roadmap to develop a significantly cleaner energy mix and reduce carbon emissions while keeping bills low. By 2026, more than half the energy Colorado customers depend on will come from clean wind and solar energy sources, on the way to Xcel Energy’s corporate vision of delivering 100% carbon-free electricity to its customers by 2050.

Over the life of the project, Cheyenne Ridge is expected to generate about $107 million in landowner
payments and another $29 million in new tax revenue over the life of the project. It also offers a “second harvest” for farmers and ranchers in the area.

“For people in agriculture diversification is always good,” said landowner Mark Hillman “So whether you grow crops or raise livestock, you are always at the mercy of the weather. The wind towers provide some financial stability in the years when the wind just blows hot and dry, which is kind of what it’s done this year.”

Xcel Energy teamed up with Mortenson and Vestas for the Cheyenne Ridge project, as it did on the Rush Creek project, which was completed in 2018. Construction began in June 2019 with the transmission line and wind turbine foundations. More than 200 construction workers built the wind farm.

 

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About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.

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