The Texas Panhandle is getting another wind farm to generate electricity for the state and for New Mexico.
Xcel Energy spokesman Wes Reeves said Thursday that the 478-megawatt Hale Wind Project will cost about $735 million build. The company on Tuesday announced the completed purchase from Florida-based NextEra Energy Resources. Terms weren't released.
New Mexico regulators in March approved the overall $1.6 billion plan that calls for building two massive wind farms along the Texas-New Mexico border. The Public Utility Commission of Texas on May 25 also approved the deal.
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An Xcel statement says construction should begin this month. Turbines are expected to be delivered in October, with commercial operations by June 2019.
Minneapolis-based Xcel also plans to add a 522-megawatt wind farm complex near Portales, New Mexico.