State ulilities buy more renewable power
The Minneapolis-based utility hopes to add the electricity onto its grid by the end of 2008, the Pioneer Press reported. The company says it will save ratepayers about $10 million a year. Pacific Gas & Electric Co. and San Diego Gas & Electric also recently called for more renewable electricity purchases.
Community-Based Energy Development, or C-BED, developers were asked to submit proposals by April 20 to take part in the deal with Xcel. There's state legislation created in 2005 that promotes locally owned alternative energy.
About 1,100 megawatts of energy from wind-powered turbines is expected in Xcel's grid by the end of this year. That's the equivalent of about 11 percent of Xcel's output.
In addition to the power purchase agreements, there are plans for a $210 million, 100-megawatt wind farm to be built by 2009. Xcel must get 30 percent of its energy from renewable resources by 2020 under a state mandate signed by Gov. Tim Pawlenty.
In order to receive rebates, plans for renewable energy projects must be finalized by the end of 2008. Local ownership would mean more of the money generated by wind projects stays in the state.
Related News
In 2021, 40% Of The Electricity Produced In The United States Was Derived From Non-Fossil Fuel Sources
WASHINGTON - The transition to electric vehicles is largely driven by a need to reduce our reliance on fossil fuels and reduce emissions associated with burning fossil fuels. In 2021, 40% of the electricity produced by the electric power sector was derived from non-fossil fuel sources.
Since 2007, the increase in non-fossil fuel sources has been largely driven by “Other Renewables” which is predominantly wind and solar. This has resulted in renewables (including hydroelectric) overtaking nuclear power’s share of electricity generation in 2021 for the first time since 1984. An increasing share of electricity generation from renewables has also led to…
