28 March 2017 2017 09:15 AM GMT

Xcel Files 1,230 MW Wind Proposal Claiming $2.8Bn Customer Savings Over 30 Years

USA – Xcel Energy has filed a proposal this week, with the New Mexico Public Regulation Commission (NMPRC) and the Public Utility Commission of Texas (PUCT) that the utility company forecasts will save customers located in both states approximately $2.8 billion over a 30-year period. The company had recently announced plans to add 1,230 megawatts of wind energy to its New Mexico and Texas energy generation mix, most of which would come from facilities it owned, and had constructed.

Xcel is seeking approval from the NMPRC and PUCT to construct the 522-megawatt Sagamore wind facility in New Mexico and the 478 megawatt Hale wind facility in Texas as well as a long-term purchase power agreement in Texas for 230 megawatts supplied by the Bonita wind facility.

The company also requests regulators approve allowing the company to amend the Certificate of Convenience & Necessity (CCN) to allow construction and inclusion of these projects, and approval of certain rate-making principles. The three wind projects are contingent on regulatory approval.

Xcel estimates $2.8 billion in customer savings over 30 years would be borne from integrating the lower-cost wind energy resources into the company’s energy portfolio. The additional 1,230 megawatts of wind energy is enough electricity to power more than 440,000 typical homes, according to figures provided by Xcel.

“Our Texas and New Mexico customers expect us to deliver on our pledge to support longterm economic growth in our communities while ensuring reliable and affordable energy,” said David Hudson, President of Xcel Energy’s Texas & New Mexico Region. “The decision to add additional wind generation is purely in the economic interest of our customers. By taking advantage of tax credits before they expire, these projects will allow us to produce wind energy at a cost lower than energy produced from our coal and natural gas-fueled plants, and pass those savings directly to our customers.”

This wind initiative is part of an overall corporate strategy to invest in infrastructure projects that lower the cost of energy production. Energy production in the south-west is often affected by volatility in the natural gas markets. In New Mexico and Texas, natural gas is used to generate close to 40 percent of the energy delivered to Xcel Energy customers.

Xcel Energy has been the top utility wind energy provider nationally for 12 years and is ranked fourth nationwide for delivering renewable energy. Currently, the company has close to 1600 megawatts of wind energy available in its Texas-New Mexico generation mix, which contributes to more than 22 percent of the carbon-free electricity for customers.

In Roosevelt County, New Mexico, approximately 20 miles south of Portales, Xcel Energy has entered into an agreement to purchase the Sagamore Wind Project from Invenergy LLC. This facility will be capable of generating 522 megawatts, enough to power about 194,000 homes. The Sagamore project is expected to be in service by the end of 2020. Total project cost is $865 million.

NextEra Energy Resources has developed wind projects for Xcel Energy outside of Texas and New Mexico, and in 2016, Xcel Energy began purchasing solar energy from a NextEra Energy Resources-developed project near Roswell, N.M.

The finalisation of the agreements for the new wind facilities is conditional upon the approval of utility commissions in both New Mexico and Texas, a process which could take up to a year to be completed.

December 13th 2017
EDF Commissions 179 MW At Two Solar Power Plants In Nevada

Policy makers led by US Senator Harry Reid were present at a celebration formally recognising Switch Stations 1 and 2 solar power plants, with a combined generation capacity of 179 MWac, as fully commissioned and in commercial operation. Senator Reid stated “Less than a decade ago, Nevada’s solar energy landscape was nonexistent, but this commissioning helps fulfil the vision I had to make our state the leader in renewable energy development. A technology giant like Switch committing to using 100% renewable energy is truly visionary and grows our clean energy economy by creating hundreds of good-paying construction jobs here.”

December 8th 2017
Tata Power Solar Commissions India’s First Rooftop Solar Carport In Delhi

Tata Power Solar set another landmark by commissioning an unprecedented rooftop solar project in India – a solar carport on the rooftop of the sprawling 70,000 sq.m Unity One mall, in Rohini, Delhi. The unique rooftop carport is estimated to set off 438 tonnes of carbon emissions annually. The company won the bid in an open tender process fielded by Delhi Metro Rail Corporation for multi-level car parking. The project enables the mall to earn on the unused and excess solar electricity produced. It also cuts down the need to install a second meter or an expensive battery storage system as it is directly connected to the local power grid.

December 12th 2017
Renewable Future Challenges UK And Germany To Build Flexibility In Power Systems

A new economic study highlights that future energy systems in the UK and Germany, with very high levels of variable renewable generation, must be complemented by flexible resources, including energy storage. The study was released by Bloomberg New Energy Finance (BNEF). “This study highlights a seismic shift in how power systems will operate in the future. As wind and solar become the cheapest options for power generation, the race is on to develop and deploy the flexible resources that will complement them,” said Albert Cheung, head of global analysis at Bloomberg New Energy Finance.

December 12th 2017
Global Trade In Biofuels Featured At International Renewable Mobility Conference

A significant proportion of global energy use, is in transportation. Action is crucially needed to bring about an energy turnaround in this sector and it’s a topic that has moved higher up the political agenda again since Dieselgate, and with growing calls for a rapid introduction of electromobility. In Germany, the Working Group on Energy Balances (AG Energiebilanzen) has calculated the final energy consumption of 728 TWh by the transport sector in 2016. Data from the German Environment Agency (UBA) reveals that over 90 percent of fuel deployed is derived from mineral oil. World-leading experts meeting in a parallel forum at the 15th International Conference on Renewable Mobility will analyse biofuel trading worldwide, examining various perspectives on requirements, the current state of play and forecasts.

December 8th 2017
By 2036, Clean Energy Can Account for 37% of The Energy Mix For Thailand

With a stronger and more ambitious energy development plan, Thailand’s share of renewable energy in total final energy consumption could surpass its national target by a quarter and reach more than 37 percent by 2036, according to a new report published by the International Renewable Energy Agency (IRENA) and the Ministry of Energy of Thailand. Renewable Energy Outlook: Thailand finds that decreasing imports of fossil fuels and increasing the share of renewables in the energy mix to 37 percent would improve energy security and reduce the cost of Thailand’s energy system by USD 1.2 billion annually by 2036.


 

   

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