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Entries in Energy Resources (4)

Thursday
Mar232017

Xcel announces $1.6 billion investment in wind energy from South Plains, New Mexico

Lubbock Avalanche-Journal

March 23, 2017

AMARILLO — Xcel Energy on Tuesday filed to build two new wind energy developments, as well as entering a long-term contract with two existing sites on the South Plains and Eastern New Mexico, adding 1,230 megawatts — enough energy to power 440,000 homes — to its regional system.

The new investment in wind energy comes at a cost of $1.6 billion.

The company plans to build the Sagamore Wind Project in Roosevelt County, New Mexico, by 2020 and the Hale Wind Project in Hale County, south of Plainview, by 2019. Two prospective wind fields in Cochran County and Crosby County near Lubbock, owned by NextEra Energy Resources and known collectively as Bonita Wind Project, will generate an additional 230 megawatts from 2019 to 2049.

Read on...


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.

Read on...

Wednesday
Dec162015

New report details increased affordability of renewables, efficiencies in oil and gas production, and Colorado’s leadership role in energy policy

Metro Denver Economic Development Corporation: Colorado Energy Coalition

December 16, 2015

The Colorado Energy Coalition (CEC), an industry affiliate of the Metro Denver Economic Development Corporation (Metro Denver EDC), today released the seventh edition of its Resource Rich Colorado (RRC) report.

The annual study measures and details Colorado’s competitive position in the oil, natural gas, coal, renewables, power, alternative fuel vehicle, and environment and sustainability sectors that make up the energy industry.

The analysis also compares Colorado to the 49 other states based on the availability of natural resources for energy generation, energy policies and programs, and the intellectual resources crucial to energy development.

“Colorado is truly ‘resource rich’ due to its substantial energy resource mix, tremendous intellectual capital with 24 federally-funded scientific research laboratories, and its highly progressive energy policies and programs,” said Brian Payer, Consulting Manger with IHS Corporation, and Co-Chair of the CEC’s Resource Rich Colorado Committee. “These assets make the state one of the most diverse energy economies in the world.”

This year’s report highlights a major shift in the affordability of renewable energy, noting that when considering the unsubsidized, levelized costs of new power plant facilities, the cost of wind energy is now at parity with natural gas and the price of solar has shown tremendous price drops.  Read on…

A detailed analysis of Colorado’s and the United States’ competitive rankings can be found by downloading the full report below.

Resource Rich Colorado, Seventh Edition (Executive Summary)

Resource Rich Colorado, Seventh Edition (Full Report)

Friday
Apr092010

Michael Hagood Presentation