Xcel Energy is one of the leading utility wind energy providers, according to the American Wind Association. It is providing services for 12 years now; and owns five wind farms with an overall capacity of around 850 megawatts in the Upper Midwest. Xcel Energy is now planning a multi-billion dollar wind energy investment across seven states of the nation from New Mexico to Minnesota. Over the next five years, Xcel expects to increase the supply of its energy mix by thirty-five percent.
The Chairman, President, and CEO of Xcel Energy; Ben Fowke said that they invest in wind energy due to the huge economic value it gives to their customers. He also said that they can secure savings with the help of low priced wind energy to the customers; for many decades to come. Further, he added that Xcel’s plan caters to both the environmental and economic fronts; as they not only provide clean renewable energy resources, but also delivers it reliably and at low costs.