Xcel Energy has announced a portfolio of new power projects. The projects will help in meeting the increasing energy demands of the company’s Texas and New Mexico service area. The portfolio consists of extensions of 521 MW of existing generation along with the addition of 17 new power projects.
By 2030, the new power projects will add 5,168 MW of nameplate capacity to the region’s generation fleet. Furthermore, technologies selected include 3,200 MW of dispatchable generation and energy storage and 1,968 MW of wind and solar facilities. The company will look for approval of the portfolio from state regulators in the second half of 2025.
Earlier in March 2025, Xcel Energy commenced operations of the 5 MW Chippewa Sun solar array. Situated in the town of Hallie, the solar photovoltaic system is anticipated to generate around 10 million kWh per year for its three subscribing partners.
