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”.
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