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Xcel reports on renewable energy growth

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Xcel Energy plans to use primarily renewable energy sources by 2021, as this graphic from the company illustrates. (Submitted Graphic)

Copyright © 2021 Roswell Daily Record

Xcel Energy has increased its carbon-free sources of energy 17 percent in the past 11 years and intends to increase them another 15 percent in the next five years, according to a corporate report.
By the year 2021, renewable, coal-free energy sources such as solar, wind, nuclear and hydropower will represent 53 percent of the energy portfolio, Xcel Energy announced in its 2016 Corporate Responsibility Report.
The company, which serves eight states from the upper Midwest as well as Texas and New Mexico, said that renewables accounted for 21 percent of its energy sources in 2005, which increased to 38 percent by 2016.
Wind is the fastest-growing renewable source for the company. It has grown from 3 percent of the supply in 2005 to 19 percent in 2016 to a projected 34 percent by 2021. In March, the company announced that it would add another 1,230 megawatts of wind-powered energy to its Southwest grid by 2020, with 1,000 megawatts coming from new facilities in Texas and New Mexico.
The benefits of its renewable energy sources include decreasing average energy bills, from $83.52 in 2013 to $81.12 in 2016, and less impact on the environment. For example, carbon emissions have decreased by 30 percent from 2005 to 2016.
Xcel also has given $63.4 million to local communities through energy assistance programs, contributions to science education efforts, matching funds for United Way employee donations and programs benefiting employees, the report indicates.
Xcel is a public company that trades on the New York Stock Exchange. It has its corporate headquarters in Minneapolis and serves millions of household and business customers.

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