Xcel Energy

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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

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Xcel plans 10,000 MW of renewables in Minnesota, Colorado

Utility Dive: Xcel Energy, in its second quarter earnings report on Thursday, said it plans to significantly accelerate decarbonization efforts in its home state of Minnesota and will cut emissions by 85% by 2030. Xcel is preparing for a major transition, with long-time CEO and chairman Ben Fowke slated to retire in August and turn […]

July 30, 2021 Read More →

Xcel pulls plug on proposed $800 million natural gas plant in Minnesota

Minneapolis/St. Paul Business Journal: Xcel Energy Inc. on Friday told Minnesota regulators that it planned to abandon the proposed $800 million natural gas plant in Becker, Minnesota, that was to have taken over for three coal-fired plants. Instead, the Minneapolis-based utility said it plans to build two smaller natural gas plants — one in southwestern […]

June 28, 2021 Read More →

New Colorado law requires utilities to offer electrification incentives

S&P Global Market Intelligence ($): Colorado will require investor-owned electric utilities to incentivize building electrification, marking a new strategy to reduce the building sector’s reliance on natural gas and other fossil fuels for heating and cooking. Colorado Gov. Jared Polis signed the legislation, SB21-246, into law on June 21, setting in motion a process that […]

June 23, 2021 Read More →

U.S. solar capacity increased 36% in first quarter of 2021

S&P Global Market Intelligence ($):  The U.S. solar market got off to a hot start in 2021, adding 2,827 MW of utility-scale capacity in the first quarter, a 36% increase from the same period in 2020. The U.S. now has 51,966 MW of utility-scale solar power capacity, according to S&P Global Market Intelligence data, which […]

June 11, 2021 Read More →

NextEra CEO says net-zero targets are ‘disingenuous’

S&P Global Market Intelligence ($): NextEra Energy Inc., the largest U.S. utility by market cap and one of the world’s top solar and wind power producers, has been called out for never declaring a net-zero emissions target like many other major power utilities have done. But the way NextEra’s Chairman and CEO Jim Robo views […]

May 28, 2021 Read More →

Carbon-burning power plants launching despite net-zero promises

Bloomberg ($): The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural gas plants already spews more than 7.5 million metric tons of carbon dioxide-equivalent every year. Now it’s about to get even bigger, with […]

May 24, 2021 Read More →
IEEFA U.S.: The coal-to-renewables transition takes off
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IEEFA U.S.: The coal-to-renewables transition takes off

Pre-Biden changes underscore coming 10-year wave of coal plant retirements

The traditional S-curve growth exhibited by disruptive technologies, often cited when game-changing consumer devices, such as smartphones, take over markets and rapidly push older products out, is just as valid to describe how wind turbines and solar PV generation are shaking up U.S. power markets. This S-curve is marked by several key phases in the […]

Xcel proposes 460MW, $575 million solar project in Minnesota

Minneapolis Star Tribune: Xcel Energy has unveiled plans for the largest solar-energy plant in Minnesota by far, a $575 million project in Becker adjacent to the company’s Sherco coal-power complex. The Minneapolis-based company said the Sherco project would be among the lowest-cost solar power plants in the state; it’s economics will be enhanced by using […]

April 14, 2021 Read More →

Xcel proposes 85% cut in carbon dioxide emissions at its Colorado utility by 2030

S&P Global Market Intelligence ($): Aiming to slash carbon-dioxide emissions 85% by 2030 from 2005 levels, Xcel Energy Inc. on March 31 pitched Colorado energy regulators a sweeping clean energy transition that would accelerate subsidiary Public Service Co. of Colorado’s move away from coal-fired generation by leaning more heavily on new wind, solar and energy […]

April 2, 2021 Read More →
IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
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IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]