Xcel Energy seeks proposals for new power generation

• 3 days ago (2024-07-24)
• David Flin

Distribution 116 North America 1006

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Xcel Energy is seeking proposals for new power generation systems in Texas and New Mexico, USA, as it retires its older power plants in the coming years and as demand in the region grows.

Forecasts show that the region needs an additional capacity of 5 GW by the end of the decade. Xcel Energy said that it will evaluate submissions with proposed commercial operation dates within or before May 2027 to May 2030. Decisions regarding individual projects are expected by summer 2026. The company has launched an all-source request for proposals. Xcel is focusing on reliability and affordability as key requisites.

Adrian J. Rodriguez, President of Xcel Energy Texas–New Mexico, said: “We are investing in real solutions for energy resources that support a robust economy well into the future without compromising grid reliability or customer affordability.”