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« Xcel announces $1.6 billion investment in wind energy from South Plains, New Mexico | Main | Don’t End NAFTA. Fix It. »
Thursday
Mar232017

Xcel Energy to invest billions in new wind farms in Colorado, elsewhere

Denver Business Journal

March 23, 2017

Xcel Energy Inc. is making a multibillion-dollar investment in wind power across seven states, from Minnesota to New Mexico — and using Colorado-made turbines from Vestas Wind Systems for a large chunk of it.

The Minneapolis-based company (NYSE: XEL) is proposing to build or buy power from 11 new wind farms in the seven states that would generate up to 3,380 megawatts worth of renewable energy — enough to meet the power demand of about 1,014,000 homes.

The company expects to spend between $3.5 billion and $4.4 billion on the wind farms, if all the projects are approved by regulators, according to a spokeswoman.

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