Company is expanding wind generation, using nuclear energy, adding a natural gas plant

Xcel Energy announced plans today to retire its last two coal plants in the Upper Midwest a decade earlier than scheduled. Xcel plans to expand wind and solar, using natural gas and operate its carbon-free Monticello nuclear plant until at least 2040.

If approved, the plan would lead to a more than 80% reduction in carbon emissions in the region by 2030, compared to 2005, a key stepping stone toward the company achieving its vision to provide customers 100% carbon-free electricity by 2050.

Milestones include:

  • 2022 – Completing largest-ever wind expansion, adding 1,850 megawatts of wind. At that point, more than 30% of customers’ energy in the Upper Midwest will come from wind.
  • 2030 – More than 50% of our customers’ energy in the region will be from renewables
    • Closure in 2030 of our final coal plant in the region, the Sherco 3 plant, following the closure of the Allen S. King coal plant in 2028.
    • A major expansion of solar energy, with more than 3,000 megawatts of new universal solar added by 2030.

As part of its plan, Xcel said it is purchasing a natural gas plant, the Mankato Energy Center.

Xcel Energy Says Goodbye to Coal - Oil & Gas 360

Graph: Statista

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