Xcel Energy plans 300 MW South Dakota wind farm
Even without full tax credit, the project’s cost is low enough to compete with other fuel sources
Xcel Energy plans to build and own a new 300 MW wind farm in South Dakota, adding to the company’s wind power expansion strategy.
This project puts Xcel Energy on pace to be the first utility in the nation to surpass 10,000 megawatts of wind on its system, which would be more than enough clean energy to power every home in Minnesota and Wisconsin.
The Dakota Range I and II project, developed by Apex Clean Energy, is the first publicly announced wind project to advance under the phase down of federal tax credits.
Even without full tax credit, the project’s cost is low enough to compete with other fuel sources, an investment that is expected to lower customer bills over the project’s life.
The Dakota Range project, which will use Vestas turbines, is expected to be operational in 2021, pending regulatory approval.
This increases Xcel Energy’s current wind proposals nationwide to 3,680 MW at 13 wind farms in seven states. These projects expand Xcel Energy’s wind portfolio 55 percent company wide.