The company must get 1.5 percent of its power from renewable sources by 2020 to meet a law passed by the state legislature last year, Minneapolis-based Xcel said today in a statement. It estimated that would require about 300 megawatts of solar capacity.
Xcel said large solar farms are more cost-effective than smaller, rooftop systems.
“We plan to leverage the economies of large-scale systems to keep the cost as low as possible for customers,” Dave Sparby, chief executive officer of Xcel’s Northern States Power unit, said in the statement.
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