Xcel Energy breaks ground on Sherco solar project - MPR News
Xcel Energy breaks ground on Sherco solar project | MPR News
Xcel Energy breaks ground on Sherco solar project
Officials from Xcel Energy scooped shovelfuls of dirt during a groundbreaking ceremony Monday for a massive solar project now under construction.
Within two years, the flat, dusty fields near Becker will be lined with solar arrays turning the sun's energy into enough electricity to power 100,000 homes.
“This is really the kickoff of the transition from our Sherco coal plants into the next generation of solar,” said Chris Clark, Xcel’s president in Minnesota, North and South Dakota.
The solar project will help replace some of the electricity generated by the Sherco coal-fired power plant, which Xcel plans to retire by 2030. It will also help the company meet its goal of producing 85 percent carbon-free electricity by 2030, Clark said.
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Acres of panels and batteries
Stretched over more than 3,000 acres, it will be the biggest solar facility in the Upper Midwest, and the fifth largest in the U.S., said Xcel CEO Bob Frenzel.
“At almost $700 million of investment, it's going to symbolize one of our single largest projects that we've ever built, and certainly our largest investment into solar to date,” Frenzel said.
Xcel plans to take advantage of tax credits in the federal Inflation Reduction Act for the Sherco project and likely for others in the future.
“We think solar is going to be a big part of our strategy as we move forward to the next decade, and it continues to get more and more cost effective and highly reliable,” Frenzel said.
The Minneapolis-based utility recently proposed building another 250-megawatt solar farm adjacent to the one under construction, pending approval by state regulators. Combined, the project would total 710 megawatts.
Xcel also plans to partner with Form Energy to add a battery system in Becker able to store electricity for up to four days.
Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.