The plan, which is outlined as the 2016-2030 Upper Midwest Integrated Resource Plan, aims to maintain a diverse energy mix, while keeping energy usage costs reasonable for consumers.
The company, in compliance with the US federal carbon requirements, also aims a 30% reduction by 2020, which will be raised up to 40% by 2030.
An additional 600MW of wind energy will be added by the firm by 2020 and 1,200MW by 2030 in order to raise the entire wind power production on Upper Midwest system to more than 3,600MW.
Xcel Energy will also make efforts to bring the total solar power on its Upper Midwest system to approximately 2,400MW by adding 187MW of large-scale solar energy to its portfolio by the end of 2016.
It was also arrange a further 1,700MW of large-scale solar and 500MW of customer-driven small-scale solar.
Northern States Power president Chris Clark said: "Our resource plan proposes nation-leading carbon emission reductions and renewable energy integration.
"It charts a course to cost-effectively meet and exceed the carbon, renewable energy and energy efficiency requirements of the states we serve in the Upper Midwest."
