Xcel, seeing a good deal, adds even more wind power

  • Article by: David Shaffer , Star Tribune
  • Updated: August 14, 2013 - 5:43 AM

With its fourth purchase of a wind farm in a month, Xcel has obtained facilities with the combined generation of a large power plant.

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darkelfAug. 13, 1311:36 AM

Ding! And why does anyone want Minneapolis to go municipal energy, again?

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ruphinaAug. 13, 1312:00 PM

Of course, it is only because at the low end, 750 megawatts of wind production will get $396 million in federal subsidies over the 1st 10 years. That is determined by each megawatt of capacity producing 2.4 million kwh a year and the fed subsidy of 2.2 cents per kwh for the 1st ten years of the turbine, provided the project gets started this year so it qualifies for the subsidy, set to expire at the end of this year.(750mw x 2,400,000kwh x 10 years x $0.022 = $396,000,000) Bill G.

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mylittleidAug. 13, 1312:04 PM

"The company said the 150-megawatt Border Winds Project project near the U.S.-Canadian border will save customers $45 million over its lifetime because its entire cost over 20 years is less than the cost of purchasing natural gas and burning it in existing power plants." --- Well that must not be right. All the conservative energy experts who post comments on these pages have said so.

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rayk1800Aug. 13, 1312:20 PM

Natural gas is real cheap right now. When the cost NG goes up, the wind farms ROI will really increase. Good for the ratepayer in the end. NG will go up as new export licenses are granted.

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Start Moving AheadAug. 13, 1312:25 PM

Has PETA weighed in on this yet? These wind farms will kill many birds over the next 20 years. We don't need a bunch of lawsuits adding to the cost of electricity.

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solarnowAug. 13, 13 1:05 PM

StartMoving - buildings kill more birds. So do domestic & feral cats.

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solarnowAug. 13, 13 1:12 PM

Good, we'll need more wind power the next time Monticello or Prairie Island shut down for maintenance & upgrades. And more solar the next time Becker & Clay Boswell shut down for maintenance & upgrades. And more zero-energy buildings so we start 'needing more' less.

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jd55604Aug. 13, 13 2:48 PM

rayk1800: "NG will go up as new export licenses are granted."......NG is a global commodity whose price is set on the international markets. Exporting more of it doesn't mean that the price will go up. It might just mean that our domestic production is increased resulting in price declines.

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RankenFyleAug. 13, 13 4:07 PM

Kudos to Xcel! It'a a smart business decision, given the current economic conditions. Invest while the cost of money is cheap and take advantage of the available incentives. Their shareholders should be pleased and their environmental standing will be enhanced.

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fdrebinAug. 13, 13 8:12 PM

You people do realize that without the "incentives", money that comes out of YOUR pockets, there would be no wind turbines, right? Wind and solar are not baseload resources and because theyy require nuclear or fossil fuel baseload backup are only marginally useful for consumption and without "incentives" cost mORE than coal or natural gas . Well, no, you probably don't know that. Thanks for the intelligent comment, Bill G !

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