Replacing 710 MW of coal generation with solar at Sherco Unit 2; Sherco Unit 2 (MISO-R1036) — Project Summary

Queue ID
MISO-R1036
Capacity
710 MW
Technology
Solar
Status
active
Location
Sherburne, MN
Region
MISO
Developer
—
IA Status
—

Replacing 710 MW of coal generation with solar at Sherco Unit 2; Sherco Unit 2

MISO-R1036BetaActiveSolarOtherMISOLBNL + Live

710 MW hybrid in Sherburne, MN · In queue since December 2022 · Proposed COD May 2024

BA: MISOISO/RTO: MISONERC: MRORC: MISO

710 MW

Capacity

1

Components

Solar

3y 10m

In Queue

—

IA Status

COD target: 2024

Asset Intelligence Map

One connected view of the asset's ownership, operating or development evidence, grid context, commercial relationships, history, and forward outlook.

5 live dimensions
4 decision models

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Interconnection

Total Duration

1y 5m

Schedule

29 months past proposed COD

Pre-Study0%
Queue EntryDec 28, 2022

Interconnection request submitted to ISO/RTO

DPP Study

MISO uses the Definitive Planning Phase (DPP) process with 3 study phases.

Typical: 30–40 months (historical); 12 months target

Interconnection Agreement

Interconnection agreement not yet executed

Typical: 30–60 days (negotiation)

Commercial Operation

Proposed COD: 2024-05-30

Cross-source intelligence
Beta
Medium confidence·3 sources·as of 2026-10-25
Expected COD
2026-07-21
Queue date 1–2 years staleQueue: 2024-05-30
Developer
Xcel Energy
Confirmed
Status
Online
LBNL still shows 'active' (not operational), but Sherco Solar Phase 3 was reported complete in July 2026, making it Minnesota's largest solar facility. Xcel plans further expansion.
Financing
Unannounced
Key milestones
COD targetJul 21, 2026Most recent

Xcel Energy announced Sherco Solar Phase 3 complete, making it the largest solar facility in Minnesota (actual completion, not a target).

source
About

MISO-R1036, identified in the queue as "Replacing 710 MW of coal generation with solar at Sherco Unit 2," is a proposed solar development project located in Sherburne County, Minnesota. The project has a total capacity of 710 MW, consisting entirely of a 710 MW solar component. It is classified as a hybrid project, with technology listed as solar and "other." As its queue name indicates, the project is intended to replace 710 MW of coal generation at Sherco Unit 2. The associated utility is Northern States Power Company.

The project is in the interconnection queue of the Midcontinent Independent System Operator (MISO), which it entered on December 28, 2022, and its queue status is active. It proposes to interconnect at the Sherburne County 345 kV Substation under Network Resource Interconnection Service (NRIS). The proposed commercial operation date is May 30, 2024. The available data does not indicate the status of an interconnection agreement.

Generated from interconnection queue and public data sources

Development Risk

Realization risk before commercial operation — cluster-study clearance, IA timing, counterparty mix, and withdrawal probability vs cohort. The diligence view that determines whether this project is worth pursuing. Powered by InfraSure's development-stage modeling stack.

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P(COD by stated date)
Withdrawal probability vs cohort
IA cluster risk
Project Details

State

MN

County

Sherburne

Grid Region

MISO (Midcontinent)

Market

ISO/RTO Member

Developer

—

Utility

NORTHERN STATES POWER COMPANY

Entity

MISO

Service Type

NRIS

Point of Interconnection

Sherburne County 345kV Substation

Data Source

LBNL + Live

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile would look like once it reaches commercial operation. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

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Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — what this project would produce assuming it reaches commercial operation. Probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios, conditioned on the proposed COD. Powered by InfraSure's generation modeling stack.

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P50 conditioned on COD
Capacity factor vs cohort
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. The bankability view that determines whether the deal clears its covenants once online. Powered by InfraSure's asset cashflow stack.

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Revenue conditioned on COD
Financing close risk
Cohort DSCR comparison
Market Context
Approximate
ISO / RTO
MISO
Trading Hub
MINN.HUB
Hub Confidence
HIGH
Nearest Node (Estimated)
NSP.SHERCO.3
POI Substation
Sherburne County Substation

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

No insights available for this project.
InfraSure platform

Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.