Six US utilities to invest in 4 GW solar plants
Post date: 11/11/2020 - 12:35
Six US-Midwest utilities expect to spend more than a combined $15.6 billion over the next several years to install or buy roughly 4 GW of solar generation, more than 3.6 GW of wind generation and just over 1 GW of electric battery storage, according to consultancy S&P Global Platts.
The WEC Group, which serves mainly Wisconsin, has a 2021-2025 capital plan for investing $4.1 billion in sustainable renewables. This includes 800 MW PV. Alliant, which serves both Wisconsin and Iowa, aims 400 MW solar, Xcel Minnesota 460 MW, Michigan's CMS Energy 1,100 MW, DTE Energy 545 MW and Ameren Energy based in St. Louis 700 MW.
The utilities, which have a combined current generating capacity of 46.3 GW, are looking to retire a combined total of 5.8 GW of coal-fired capacity by the years 2022 to 2023, says the consultancy