US-based electric and natural gas utility company, Xcel Energy has announced a 5.168 GW power portfolio for Texas and New Mexico. The portfolio is to address projected electricity demand growth of over 40% by 2030. The plan includes 17 new projects across solar, wind, battery storage, and dispatchable generation, along with 521 MW of life extensions at existing natural gas plants. Developed through a competitive 2024 solicitation, the projects will follow varied ownership models and prioritize use of existing infrastructure to reduce costs and timelines. The portfolio aligns with state renewable goals, supports economic growth, and is part of Xcel’s broader infrastructure investment strategy. Regulatory approval is expected in late 2025.