Customer Support
09/22/2016

Xcel Energy takes significant step to increase wind energy by more than 60 percent in the next four years

Company seeks proposals to add enough wind energy to power more than three-quarters of a million homes

Minneapolis – Xcel Energy announced today it is seeking proposals to dramatically grow its wind energy portfolio by adding enough new wind farms to power more than 750,000 homes. This announcement is another step in Xcel Energy’s long-term plan to transform its energy fleet, and represents one of the largest wind energy proposals in the nation, bringing up to 1,500 megawatts of new wind power to Xcel Energy customers.

“This is an exciting day for Xcel Energy and our customers as we build our energy future. We’re already the nation’s leading utility wind energy provider, but today we take another major step to transform our energy fleet to cleaner more renewable energy sources, reduce our carbon footprint, and do so at an affordable cost,” said Chris Clark, president, Xcel Energy-Minnesota.

Xcel Energy is seeking proposals now to take full advantage of great wind pricing supported by federal tax credits available for construction of new wind projects. The additional wind energy is part of the company’s long-term plan to more than double its renewable energy portfolio and deliver 63 percent of our energy from carbon-free resources in the next 15 years.

“This is a great value for our customers,” said Clark. “We’re pursuing proposals now to take full advantage of low wind prices which means we can expand our wind energy portfolio at an extremely competitive cost.”

Xcel Energy can increase the amount of wind generation on the system without impacting service reliability because of the company’s sophisticated wind forecasting technology and infrastructure investments that have been made in our system that can deliver wind to communities where customers live.  

Proposals can be a mix of power purchase agreements and projects purchased from developers.

The RFP (available at www.xcelenergy.com/NSP2016WINDRFP) requests companies respond Oct. 25, 2016.

Proposal details

  • Projects must interconnect to Minnesota, North Dakota, South Dakota, Wisconsin and Michigan
  • Projects must be at least 75 MW
  • Bidders are responsible for all transmission interconnection and system upgrades required by the Midcontinent Independent System Operator, Inc.
  • Xcel Energy expects to file for regulatory approval of selected projects in spring 2017

Xcel Energy will evaluate proposals submitted, and bring forward proposed plans for regulatory review and approval.

As part of Xcel Energy’s commitment to delivering a more sustainable energy future, the company plans to move away from coal to cleaner energy sources by investing in wind, solar and natural gas in the Upper Midwest. Xcel Energy is leading the way to a future powered by clean, renewable energy, delivered at an affordable price. The company’s long range plan achieves 63 percent carbon-free energy in the next 15 years, with more than one-third generated from renewables. It paves the way for Minnesota and the surrounding region to affordably meet state and national energy standards, and also creates new jobs and investments for our communities.

About Xcel Energy

Xcel Energy (NYSE: 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.

Energy Saving Tip

Energy-efficient appliances and light bulbs may cost a bit more up front, but they can save big money over the life of the product. Plus, some energy-efficient equipment may be eligible for rebates to offset the initial cost.

contact_GRAY@2x.png

Signs of an Overloaded Electrical System

Lights that flicker, dim or blink and warm or discolored wall plates may be warnings of an overloaded electrical system.

Xcel Energy MaritzCX

We'd welcome your feedback!

Thank you for visiting Xcel Energy. You have been selected to participate in a brief customer satisfaction survey to let us know how we can improve your experience.

The survey is designed to measure your entire experience, so please look for it at the conclusion of your visit

This survey is conducted by an independent company MaritzCX, on behalf of the site you are visiting.

Privacy Policy