in News Departments > New & Noteworthy
print the content item

Xcel Energy has submitted to state regulators a proposal to add 600 MW of wind resources through three projects in its Upper Midwest service territory.

If the proposal is approved, Xcel says construction would begin in time to qualify for the extended federal production tax credit and the additional 600 MW could lower customer costs by $180 million over the lives of the projects.

“Wind prices are extremely competitive right now, offering lower costs than other possible resources, like natural gas plants,” says Dave Sparby, president and CEO of Northern States Power Co., a Minnesota-based Xcel Energy company.  “These projects offer a great hedge against rising and often-volatile fuel prices.”

Sparby notes that Xcel already has 1.8 GW of wind energy on its system in the Upper Midwest.

Following a request for proposals in February, Xcel Energy selected the three following projects to submit to regulators for review:

- Courtenay Wind Farm, a 200 MW project near Jamestown, N.D., under a power purchase agreement with Geronimo Energy;

- Odell Wind Farm, a 200 MW project near Windom, Minn., also under a power purchase agreement with Geronimo Energy; and

- Pleasant Valley, a 200 MW project near Austin, Minn., submitted by RES America Developments Inc. RES would develop the project and then transfer ownership to Xcel Energy. The Pleasant Valley project is adjacent to the Grand Meadow wind project, which Xcel Energy owns.

All three projects are scheduled to be in service by the beginning of 2016.

Xcel Energy submitted the projects to the Minnesota Public Utilities Commission and the North Dakota Public Service Commission for consideration and notified regulators in South Dakota, Wisconsin and Michigan. The company also indicated it would continue to evaluate projects and could make additional proposals if similar benefits can be achieved.

Xcel notes that this represents the third wind acquisition proposal from the company in recent weeks. Xcel Energy’s operating companies in its Upper Midwest, Colorado and Texas-New Mexico service territories each requested wind project proposals earlier this year in order to take advantage of the PTC, which was extended in January.






Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032