With More Than $4 Billion in Projects, Xcel Energy on Track for Carbon-Free Electricity by 2050

SUGAR LAND--April 29, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) is on its way to fulfilling ambitious plans to reduce carbon emissions by 80% by 2030 and be completely carbon-free by 2050. Industrial Info is tracking more than $4 billion in active Xcel projects. Wind power accounts more than $2 billion of these projects, and these will go a long way toward fulfilling Xcel's carbon-free plans. In a company press release, Xcel Chief Executive Officer Ben Fowke said, "We are making great strides toward our ambitious vision to deliver 100% carbon-free electricity to customers by 2050 and have already reduced carbon emissions to our customers by 38% since 2005."

Within this article: Details on key Xcel projects

Other companies featured: General Electric Company (NYSE:GE)