in News Departments > New & Noteworthy
print the content item

As of 2013, utility company Xcel Energy says it has reduced carbon dioxide emissions by nearly 20% since 2005, thanks in large part to its commitment to clean energy such as wind power.

"Over the past decade, Xcel Energy has invested in a cost-effective clean energy strategy that is benefiting both our customers and the environment," says Ben Fowke, chairman, president and CEO of Xcel Energy. "We are making significant progress reducing emissions at an excellent price through a combination of energy efficiency programs and coal plant retirements and conversions, and by embracing renewable energy earlier than other utilities. We are on track to surpass our company’s original carbon reduction target of 20 percent to achieve a projected carbon reduction of 31 percent by 2020.”

In its annual corporate responsibility report, Xcel Energy also reveals it has more than doubled its use of renewable resources from 7% of the company’s energy mix in 2004 to 20% in 2013, and the company plans to reach 27% by 2020.

As part of that commitment, Xcel announced plans in 2013 to add another 1.9 GW of wind power and 170 MW of solar energy to its portfolio - all at prices below fossil fuel alternatives. In addition, the company notes the American Wind Energy Association recently named Xcel the top U.S. utility wind provider for the 10th consecutive year.




Trachte Inc._id1770
Latest Top Stories

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965