It will retire and convert its remaining two coal plants by 2035.
The proposed projects would create around 5,000 jobs as the company looks to help with COVID-19 economy relief.
Great River Energy has announced it will close its North Dakota coal plant several years earlier than planned.
The governor has laid out a path for the state's electricity sector over the next 30 years.
Minnesota is now home to almost 60,000 clean energy sector workers.