Xcel Energy Inc. has unveiled a comprehensive portfolio of new power projects aimed at meeting the surging energy demands in Texas and New Mexico. This initiative includes extending the life of existing natural gas units and adding 17 new power projects, contributing an additional 5,168 megawatts of capacity by 2030. The diverse energy solutions encompass wind, solar, battery storage, and gas power sources, with various ownership structures. Part of Xcel Energy's broader five-year investment plan, these projects will modernize and expand regional energy infrastructure, leveraging existing sites to reduce development timelines and costs. The portfolio supports electric reliability, grid resilience, and economic growth as the region anticipates a 40% increase in electricity demand by 2030.
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