After a lengthy court battle, Xcel has emerged the victor: A settlement has been reached which eliminates the on-paper municipal utility established by the City of Boulder. However this is not the end for of the utility entirely, as there is still an election to be held that could result in the creation of one.
The deal that Xcel has reached with environmentalists and labor includes caveats maximizing the utility’s ownership of the large-scale solar that it is promising.
With the presumed signing of SB19-236 by Governor Polis, the state will begin the steps to becoming carbon free by 2030, which is likely followed closely by increased renewable development.
The Colorado generation co-op has one-upped Xcel Energy, as the 100% renewable energy movement grows even in the energy industry. However, there are some sticky caveats.
The Colorado PUC has voted to provide initial approval of a plan to retire 660 MW of coal early and not build any new gas, instead constructing over 1 GW of wind, 700 MW of solar and 275 MW / 1.0 GWh of energy storage.
By adding over 100 MW in the last 5 months, the nation’s leading community solar program keeps growing, with no signs of slowing down.
Xcel Energy’s 120-day report to Colorado regulators includes an additional 1.1 GW of wind at 1.1-1.8¢/kWh. Solar power bids have come in at 2.2-2.7¢/kWh, and solar+storage at 3.0-3.2¢/kWh.
Under the state’s program operational community solar capacity in Xcel’s Service area has grown more than four-fold over the last 12 months, with another 381 MW in design or construction.
The widely praised program, largely under the auspices of Xcel Energy, continues to grow in capacity, with what the utility reports are significant rate-savings for participants.
The state’s robust community solar program received a boost yesterday when U.S. Solar received an influx of funding that will allow it to focus on Minnesota initially.
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