Xcel Energy Awards $42 Million For Renewable Energy Projects In Minnesota

Posted by SI Staff on March 12, 2014 No Comments
Categories : New & Noteworthy

The Minnesota Public Utilities Commission has approved 29 renewable energy projects – predominately featuring solar technologies – to receive $42 million in grants from Xcel Energy's Renewable Development Fund. The awards cover energy production and research and development projects, as well as block grant distribution to Minnesota colleges and universities.

Information about individual project and program awards can be found here.

The Renewable Development Fund money comes from Xcel Energy customers. Each year the company transfers $24.5 million to the fund in accordance with state law. An advisory board with representation from Xcel Energy, environmental groups, Xcel Energy customers and the Prairie Island Indian Community makes recommendations to the commission. All selected projects are subject to final approval by the commission.

‘The fund's objective is to support development of new renewable energy technologies and renewable energy projects,’ says Dave Sparby, president and CEO of Northern States Power Co.-Minnesota, an Xcel Energy company. ‘With the new state solar statute, this round of grants appropriately focuses on the goal of making more cost-effective solar resources available for Xcel Energy customers.’

More information about the fund can be found here.

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