Xcel Energy plans up to 2.9GW of additional solar in Colorado by 2030

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The utility’s new Clean Energy Plan foresees the addition of 1.6GW of large-scale solar in Colorado. Image: Xcel Energy Colorado via Twitter.

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.

The Minneapolis-headquarters company said its new Clean Energy Plan will deliver an estimated 85% reduction in carbon dioxide emissions from 2005 levels by 2030 as well as provide its Colorado customers with electricity derived from approximately 80% renewable sources.

While the mix of renewables additions will be determined by a competitive bid process, Xcel’s preferred plan proposes adding up to: 1.6GW of large-scale solar, nearly 1.3GW of distributed solar, 2.3GW of wind power, 400MW of energy storage and just under 1.GW of firm dispatchable resources (including natural gas).

Other targets included in the plan include “significantly reducing” coal plant operations in the state by 2030 and building on distributed generation opportunities and demand response options to manage energy load.

No layoffs are anticipated at any of the coal plants affected by the plan, which is expected to go before the Colorado Public Utilities Commission by the end of March.

“We are committed to working with our employees and the communities we serve as we make significant strides leading the nation’s and Colorado’s ambitious clean energy transition, while also ensuring reliability and affordability for our customers, said Xcel Energy CEO Ben Fowke, who added that Colorado state leaders “share our clean energy goals”.

The state last month released its Greenhouse Gas Pollution Reduction Roadmap, which lays out a pathway to reach its targets of reducing greenhouse gas emissions 26% by 2025, 50% by 2030 and 90% by 2050 from 2005 levels. “Colorado is getting cleaner air, more good jobs and savings for consumers with more renewable energy,” Governor Jared Polis said.

Elsewhere in Colorado’s utility sector, Black Hills Energy will this year start work on its largest renewables project to date, a 200MW solar plant that is slated to come online in 2023, as it aims to reduce emissions from its energy generation in the state by 80% by 2030.

The Tri-State Generation and Transmission Association last year secured a deal with the US subsidiary of juwi that will see the deployment of 400MW of solar in Colorado. The German developer also recently signed a power purchase agreement with Colorado Springs Utilities for a 175MW solar project paired with a 25MW battery storage system.

6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Read Next

July 30, 2021
Anglo-Australian mining company BHP, in partnership with Canada’s TransAlta Renewables, is to build two solar farms and a battery storage system to help power its Mt Keith and Leinster nickel mines in Western Australia
July 29, 2021
US residential solar installer Sunnova said it was investing in its end-to-end solar services to cater for customers demanding more from their rooftop installations.
July 27, 2021
A round-up of the latest news from the US solar market, featuring Vision Solar’s commitment to hire “hundreds” of sales staff as part of a two-state expansion, Recurrent Energy’s sale of two major assets in Texas and news of 8minute Solar Energy strengthening its legal team.
July 26, 2021
Support for distributed energy resources (DERs) like rooftop solar, community solar and battery storage could save Californian ratepayers US$120 billion over the next 30 years, according to a new report
PV Tech Premium
July 26, 2021
Boris Farnung and Keith Punzalan of VDE and David Moser of EURAC’s Institute for Renewable Energy take a look at the positive impact comprehensive quality assurance measures can have on the early stage of a project’s lifespan, exploring yield assessments, LCOE projections and the critical need for high quality components.
July 22, 2021
US Senate majority leader Chuck Schumer has failed in a bid to fast-track the US’ US$1.2 trillion infrastructure investment bill through the Senate. But there remains hope that further progress could be made as early as next Monday, when some Republican senators believe the bill will be fit to proceed.

Subscribe to Newsletter

Upcoming Events

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