Tuesday, February 5, 2013

Xcel May Add More Wind Power

Minnesota-based Xcel Energy reportedly is considering adding more wind power to take advantage of the recently-extended production tax credit (PTC) program. According to the StarTribune, the company said it is soliciting proposals from developers for up to 200-megawatts of additional wind energy. Xcel currently has the most wind power of any U.S. utility, partly due to the Minnesota Renewable Energy Standard statute which requires it to increase the percentage of its overall power provided by renewables. The company stated it is well ahead of meeting those requirements. No information was provided about possible locations of new wind farms, but the company stated it would be open to proposals that serve its customers in Minnesota, South Dakota, North Dakota and Wisconsin. Read more

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