Accelerate coal retirements, 275MW of storage for PV at ‘unprecedented low prices’

Xcel Energy has filed a plan which would retire two coal plants, add significant capacities of renewables and gas – and deploy 275MW specifically in combination with PV.

A Colorado-headquartered US utility behind some of the lowest prices quoted for solar-plus-storage projects in the US to date, Xcel has just filed its updated 2016 Electric Resource Plan - 120-Day Report. It sets out the utility’s preferred Colorado Energy Plan Portfolio, which the company called an “attractive path for our customers and the State of Colorado”.

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Xcel is claiming that US$200 million in customer savings could be achieved through the plan, compared to operating under ‘business as usual’ conditions. It could also attract close to US$2.5 billion in investment to build the generation projects across the state and get Colorado to almost 55% renewable energy by 2026.

Read more: Energy Storage News

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