New Projects, Wind

Xcel to add 550 MW of wind power in Colorado

Xcel Energy (NYSE: XEL) announced the results of its request for proposal for additional wind power to the Colorado Public Utilities Commission Friday, stating the company will be adding 550 MW of new wind power generation to the state by 2016.

The company issued an RFP for wind projects in March of this year to seek advantage of a recent extension in the production tax credit. The CPUC must still review and approve the proposed projects, and developers will have a compressed timeframe for project development by the end of the year, according to a release from Xcel.

The new projects will increase Xcel’s wind power capacity in Colorado to more than 2,700 MW. The company has also issued RFPs for potential wind projects in its upper Midwest and Texas/New Mexico service areas.

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