Geronimo Energy Announces Renewable Energy Purchase Agreements with Xcel Energy for the Courtenay Wind Farm and the Odell Wind

  Geronimo Energy Announces Renewable Energy Purchase Agreements with Xcel
  Energy for the Courtenay Wind Farm and the Odell Wind Farm

Business Wire

MINNEAPOLIS -- July 16, 2013

Geronimo Energy announced today the signing of two long-term Wind Energy
Purchase Agreements with Xcel Energy for a total of 400 megawatts of wind
energy to be generated at the Courtenay Wind Farm and Odell Wind Farm.

The Courtenay Wind Farm is a 200 megawatt wind energy facility in Stutsman
County, North Dakota. The project will consist of up to 125 wind turbines to
be constructed across 25,000 acres of leased land from over 60 landowners. The
energy generated from the project will power the equivalent of 60,000 homes.
The wind farm will provide nearly $850,000 in annual tax revenue and will
create an estimated 200 construction jobs. The completed project will result
in the creation of 10 to 12 permanent jobs for operations and maintenance of
the facility.

The Odell Wind Farm is a 200 megawatt wind energy facility in Jackson,
Watonwan and Cottonwood counties, Minnesota. The project will consist of up to
125 wind turbines to be constructed across 34,000 acres of leased land from
over 175 landowners. The energy generated from the project will power the
equivalent of 60,000 homes. The wind farm will provide nearly $840,000 in
annual tax revenue and will create an estimated 200 construction jobs. The
completed project will result in the creation of 10 to 12 permanent jobs for
operations and maintenance of the facility.

“These power purchase agreements with Geronimo will help us reduce energy
costs for our customers, enhance fuel diversity in our portfolio and further
reduce carbon emissions,” said Dave Sparby, president and CEO of Northern
States Power Co.-Minnesota, an Xcel Energy company. “We’re proposing to add
substantial amounts of wind power now to take advantage of very attractive
prices for our customers that resulted from Congress' extension of the federal
renewable electricity Production Tax Credit.”

“Geronimo is excited to once again work with Xcel Energy and to deliver an
additional 400 megawatts of long-term, low cost renewable energy to Xcel
Energy’s customers. These two projects will also bring strong economic
benefits to the local residents and communities in which they are located,”
said Blake Nixon, President of Geronimo Wind Energy.

About Geronimo Energy

Geronimo Energy (Geronimo) is a utility-scale developer of wind and solar
energy projects based in Edina, Minnesota. Having developed three operating
wind farms in Minnesota, Geronimo is developing a large pipeline of wind and
solar projects in various stages of development throughout the United States
with a particular focus on the Midwest. Geronimo has a strategic partnership
with Enel Green Power North America, giving it the credibility and capital
strength necessary to deliver on projects for customers and communities. For
more information about Geronimo Energy, visit them on the web at
www.geronimoenergy.com.

About Xcel Energy

Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas company
with regulated operations in eight Western and Midwestern states. Xcel Energy
provides a comprehensive portfolio of energy-related products and services to
3.4 million electricity customers and 1.9 million natural gas customers
through its regulated operating companies. Company headquarters are located in
Minneapolis. More information is available at www.xcelenergy.com.

Contact:

Geronimo Energy
Charlie Daum, 952-988-9000
charlie@geronimoenergy.com
 
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