Xcel Energy to Spend Billions on New Wind Projects

SUGAR LAND--May 25, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Xcel Energy Incorporated (NYSE:XEL) (Minneapolis, Minnesota) is investing billions of dollars in a multi-state wind energy build-out that, when complete in 2021, would add about 3,380 megawatts (MW) of new wind generation in seven states. When all proposed projects are complete, wind power will account for about 35% of the utility's resource mix, roughly doubling the role wind played in the utility's resource portfolio in 2015.

Other companies involved: NextEra Energy Resources (NYSE:NEE) and ALLETE Incorporated (NYSE:ALE).

Within this article: Details on Xcel Energy Incorporated wind generation investment of projects.