Xcel Energy Plans to Add 1.5 GW of Wind Energy to Its Portfolio
Xcel Energy, a leading electricity provider in the US, has announced its plans to add up to 1.5 GW of new wind energy to its portfolio in the Upper Midwest by 2028. This move is in line with the company's goal of reducing carbon emissions by 80% by 2030.
The company is currently seeking proposals from wind developers to supply the additional capacity, which will be located in Minnesota, North Dakota, South Dakota, and Iowa, and will connect to Xcel Energy's existing transmission system. The new wind farms are expected to be in service by the end of 2028, with construction potentially beginning in 2024.
Xcel Energy already operates a significant amount of wind energy capacity in the Upper Midwest, with over 4 GW of wind generation currently in service. The company's renewable portfolio also includes solar, hydro, and biomass energy sources.
This latest move is part of a broader trend in the US power sector, with utilities across the country adding new renewable energy capacity to meet growing demand for clean energy and to comply with state-level renewable energy targets.
With the addition of 1.5 GW of wind energy to its portfolio, Xcel Energy is well on its way to achieving its goal of reducing carbon emissions by 80% by 2030. The company's commitment to renewable energy is a positive step towards a cleaner, more sustainable future for all.
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