Xcel Energy announces Colorado energy plan that could target 700MW in new PV projects

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Early estimates include up to 700MW of solar and up to 1GW of wind energy under the new plan. Image: Xcel Energy

Xcel Energy announced Tuesday that both it and a coalition of 14 groups have filed a stipulation asking the Colorado Public Utilities Commission (CPUC) to approve a measure that could lead to US$2.5 billion in clean energy investments in rural Colorado.

In order to usher in a large amount of clean energy within the state, the proposal also calls for CPUC to consider the early retirement of two coal generation units in southern Colorado.

The “Colorado Energy Plan” proposes a new, versatile electricity generating portfolio that will alter Xcel’s current 2016 Electric Resource Plan (ERP). As part of the plan, new generation projects will be identified and selected through a soon-to-be initiated competitive acquisition process.

Early estimates include up to 700MW of solar and up to 1GW of wind energy.

David Eves, president, Xcel Energy – Colorado, said: “We have a responsibility to meet our customers’ energy needs. Our customers expect us to provide low-cost power and increase the use of cleaner energy. As the state’s largest utility, it is important to us that we also support rural areas in Colorado, and this proposal’s investment will accomplish this goal. The proposal could increase renewable energy to 55% by 2026, save customers money, and dramatically reduce carbon and other emissions.”

Erin Overturf, Western Resource Advocates (WRA) chief energy counsel, added: “Today’s filing starts a conversation about how Colorado will transition to the clean energy economy of tomorrow. If approved, the commission will have an opportunity to evaluate transitioning our power production away from coal and toward less expensive clean renewable resources.

“Taking advantage of these low cost options now would reduce customers’ bills, while improving air quality and reducing greenhouse gas pollution that causes climate change. We ask the CPUC to consider this plan and welcome an open, collaborative conversation among all stakeholders to create our affordable, clean energy future.”

Parties to the stipulation are seeking approval of the proposal from the CPUC by the end of 2017, which would allow the company to develop a portfolio that doesn’t feature a reliance on the two coal-fired plants at the Comanche Generating Station in Pueblo.

Read Next

May 31, 2021
A round-up of the latest news from the US solar market, as Amber Infrastructure Group forms a Michigan-focused renewables development firm and Guzman Energy partners with Primergy Solar on a new Colorado PV project.
April 8, 2021
Utility group Black Hills Energy has signed a 15-year power purchase agreement (PPA) with solar energy company 174 Power Global for its first large-scale solar power project in Colorado, US.
March 17, 2021
A Colorado PV park that is said to be the largest agrophotovoltaic research project in the US has been completed with trackers from Solar FlexRack
March 1, 2021
Xcel Energy has announced plans to double its renewables and battery storage capacity in Colorado by 2030, as the utility progresses with efforts to reach 100% carbon-free electricity generation across its service area by 2050.
January 11, 2021
US utility Black Hills Energy will break ground on its first utility-scale solar project this year, as it announces plans to achieve an 80% reduction in greenhouse gas emissions from its Colorado generation operations by 2030.
September 21, 2020
The US unit of German developer and EPC provider juwi has inked a power purchase agreement (PPA) with Colorado Springs Utilities for a 175MW solar project coupled with a 25MW battery storage system.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021