|A wind turbine blade installed in CO.|
The new proposal is the result of intense bidding from renewable energy developers. Most renewable energy development projects aren't able to compete with the cost effectiveness of natural gas. The robust competition and competitive costs to renewable energy projects in Colorado is exciting to see. Xcel's plan to include more renewable energy at a utilities scale is a big step toward an "All of the Above" energy strategy.
The hope is that with a more diverse energy portfolio, Colorado can begin to significantly reduce the environmental effects of energy development. The diversity of energy sources has led Xcel to also consider shutting down the last coal-fired power plant by the end of 2013.
Graduate Program Assistant