Xcel Energy tops 50% company-wide carbon-free electricity generation
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Xcel Energy (NASDAQ:XEL) said Tuesday that more than half of the power it generates across the eight states it serves now comes from carbon-free sources.
Carbon-free energy made up 53% of Xcel's (XEL) 2022 energy mix, compared to an average of 41% nationwide, while it also reduced carbon emissions associated with the electricity it provides to customers by 53% from 2005 levels, the company said in its new sustainability report.
In 2018, the company set a goal to provide customers with 100% carbon-free electricity by 2050 and reduce carbon emissions from its operations by 80% from 2005 levels by 2030.
Separately, Xcel (XEL) recently announced plans to move ahead with three large solar generating facilities near existing power plants in Texas and New Mexico.
Two new company-owned solar plants would be located at Cunningham Generation Station near Hobbs, New Mexico, and Plant X Generating Station near Earth, Texas.
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