Ports-to-Plains Investors
Index

 

 

Newsletters

      Ports-to-Plains



 

 

 

 

 

Ports-to-Plains Alliance

« Amazon Transportation and Logistics Executive Shares View of the Future | Main | America Seizes Control of Its Energy Destiny »
Thursday
Jul052018

Hale Wind Project finalized

Amarillo Globe-News

Xcel Energy announced Tuesday its formal purchase of the Hale Wind Project from NextEra Energy Resources.

Construction on the 478-megawatt wind farm in Hale County will begin later this month, according to Xcel officials. The cost of the project will be about $735 million. The deal was finalized about two weeks ago.

“Our community partners and landowners have worked very hard to make this happen, and we’re honored to play a role in building a wind farm that will bring significant economic benefits to this area for years to come,” said David Hudson, president of Xcel Energy – Texas, in a prepared statement.

Wanzek Construction, Xcel Energy’s contractor, will build the Hale Wind Project near Petersburg, which is about 30 miles south of Plainview and 100 miles south of Amarillo.

Construction activities will start during the next few weeks, and the first delivery of Vestas turbines is expected in October. The Hale Wind Project is expected to be in commercial operation next June, Xcel stated.

NextEra Energy Resources developed the project through a partnership with Hale County landowners. Xcel Energy announced in March 2017 that it had agreed to purchase the development as part of its 1,230-megawatt wind energy expansion initiative expected to deliver more than $2 billion in energy savings to Xcel’s customers in Texas and New Mexico during the next 30 years, according to the news release.

Xcel Energy has gained the necessary approvals from regulators in both Texas and New Mexico to move forward with the plan.

Read on…

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>