Xcel Energy, enXco to Develop Wind Power in North Dakota and Minnesota
Posted on: Monday, 3 November 2008, 09:00 CST
Xcel Energy and enXco, an EDF Energies Nouvelles Company, have announced plans to develop 351MW of wind power in North Dakota and Minnesota by the end of 2011, increasing the utility's wind power resources by more than 10% company-wide.
Once developed, project ownership will be transferred to Northern States Power Minnesota (NSP-Minnesota), an Xcel Energy company. The agreement between enXco and NSP-Minnesota targets approximately $900 million in investment over three years.
The agreement is consistent with Xcel Energy's commitment to meeting its customers' needs in an economic and environmentally sound manner and includes the company's key wind undertaking in North Dakota.
Under the agreement, Xcel Energy will seek regulatory approvals to develop a 201MW project in southwestern Minnesota's Nobles County, called the Nobles Wind Project, and a 150MW project in Dickey and McIntosh counties in southeastern North Dakota, called the Merricourt Wind Project.
The projects are expected to be operational by the end of 2010 and 2011, respectively. Together, the projects will produce enough electricity to power approximately 110,000 homes.
Source: Datamonitor
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