Xcel Energy plans to acquire 3 GW of utility-scale solar by 2030 and bring online 1.85 GW of wind capacity by 2022 in the US state of Minnesota, as part of its plan to achieve 100% carbon-free electricity by 2050. Xcel’s The company said it would spend $900 million on new projects over five years, including a project that will generate enough power for about 50,000 homes. The renewable efforts coincide with the utility's plans to close its two coal-fired power plants in Minnesota by 2030.
Xcel Energy plans to acquire 3 GW of utility-scale solar by 2030 and bring online 1.85 GW of wind capacity by 2022 in the US state of Minnesota, as part of its plan to achieve 100% carbon-free electricity by 2050. The company said it would spend $900 million on new projects over five years, including a project that will generate enough power for about 50,000 homes. The renewable efforts coincide with the utility's plans to close its two coal-fired power plants in Minnesota by 2030.