SunEdison, a subsidiary of MEMC Electronic Materials (WFR), and Xcel Energy (XEL) have broken ground on 54MW in solar projects in New Mexico. The project will cover five separate sites in two counties and are expected to be completed by the end of next year. SunEdison will build, finance and maintain the projects while Xcel Energy will ultimately purchase the electricity under a 20 year power services agreement. The projects help the state reach its … Read the rest
Tag Archives: Xcel Energy
Xcel Energy (XEL) To Repower Colorado Coal Plants At A Cost Of $1.3B
Per Reuters, Xcel Energy announced yesterday that it is planning to invest $1.3B to repower and retrofit coal plants in Colorado, in order to comply with the state’s Clean Air Clean Jobs Act. The $1.3B investment is expected to be $225 million less than the cost of retrofitting all of its Colorado plants to comply.
As part of the plan, Xcel plans to do the following:
Retire 186MW of coal-fired power at its Valmont plant … Read the rest
Xcel Energy (XEL) Moves Forward With EnXco On 200MW Nobles Wind Project
Xcel Energy just announced that it has closed on a Wind Project Purchase and Sale Agreement with enXco, an EDF Energies Nouvelles Company, for its forthcoming Nobles wind farm. The two companies have a history of working well together, having jointly developed 500 megawatts of wind power over the past few years.
The Minnesota wind farm will be made up of 134 GE 1.5MW turbines and will have a capacity of 200 MW when it … Read the rest
Xcel Energy (XEL) Completes BRIGO Transmission Projects
Xcel Energy just announced the completion of their Buffalo Ridge Incremental Generation Outlet (BRIGO) Transmission Projects, which will increase the company’s ability to distribute wind energy to customers in Minnesota and South Dakota.
The projects involved installing over 50 miles of new transmission lines, and are part of a larger effort by Xcel to upgrade its transmission capabilities in the region. Since 1999, Xcel has increased the systems capacity from 260 megawatts to approximately 1,200 … Read the rest
Xcel Energy (XEL) Debuts New Home Energy Management Ability for Customers
According to this press release, Xcel Energy just announced that its customers can now manage their energy use via their home computers, using a solution provided by Gridpoint. Right now, the service, which allows consumers to manage both their electric and natural gas usage for maximum efficiency, is only available in Colorado, but if it is successful, Xcel will deploy it across their entire territory.
:::: >>> Click Here For Your FREE Xcel Energy … Read the rest
SunEdison (WFR) To Build PV Installations in New Mexico For Xcel (XEL)
SunEdison, a subsidiary of MEMC Electronic Materials, just announced that it has been selected by Xcel Energy’s subsidiary Southwestern Public Service Company to build five 10 MW solar PV installations in New Mexico, for a total of 50 MW of solar power.
Under the terms of the agreement, SunEdison will finance and build the installations and Xcel will buy the power under a 20-year purchase agreement.
In a press release, Riley Hill, president and … Read the rest
Xcel (XEL) Biomass Project Approved By State of Wisconsin
Xcel’s plans to convert their Bay Front power plant to biomass have received the seal of approval from the Public Service Commission of Wisconsin. The plant, which will be powered by wood biomass from nearby tree harvests, will be the largest biomass-fueled power plant in the Midwest. The power plant should be converted completely to biomass by 2012.
In a company press release, Mike Swenson, the president and CEO of Northern States Power Company-Wisconsin, … Read the rest
Xcel Energy (XEL) Studying Potential For Using Waste Wood As Biofuel
Xcel Energy, along with the Wisconsin Office of Energy Independence, are providing funding for a study to determine the viability of using sustainably managed waste wood as a biomass fuel. The wood, which would consist of brush or of fast-growing trees that don’t provide high-quality wood, could be grown by agricultural coops, harvested sustainably, and used to power Xcel’s French Island plant.
In an article posted on TradingMarkets.com, David Donovan, Xcel’s manager of regulatory policy … Read the rest
Xcel (XEL) Energy Announces 3-Year Minnesota Conservation Plan
Xcel Energy just announced a 3-year plan for conserving energy in its Minnesota service area. Through the plan, which includes items like conservation kits for low-income customers and incentives like rebates for customers who install solar panels, Xcel expects to cut expected demand by320 megawatts of power and 2.4 million dekatherms of natural gas during the 3-year span. This will eliminate the need for a medium-sized conventional power plant that would emit 1 million metric … Read the rest
Xcel Energy Partners With 42U To Improve Data Center Efficiency
Xcel Energy just announced a partnership with 42U as part of its Data Center Efficiency Program. Under the agreement, 42U will work with Xcel Energy’s data center customers to help them find ways to become more efficient and use less energy.
42U will act as a consultant to participating Xcel customers, reviewing their operations and making recommendations. Xcel Customers can get rebates for each kilowatt of energy saved after they make the suggested improvements.
In … Read the rest