(Photo courtesy Duke Energy Renewables)
Duke Energy Renewables, a commercial business unit of Duke Energy, bought the development assets associated with the 60 MW Palmer Solar project in El Paso County, Colorado, from juwi Americas, a renewable energy company based in Boulder.
The project, which contains more than 200,000 solar panels, is being built on land south of Colorado Springs. With this addition, Duke Energy Renewables has two solar projects in Colorado totaling more than 70 MW.
The Palmer Solar project is being developed in partnership with Colorado Springs Utilities, whose customers will receive the energy the facility generates under a 20-year agreement. This is the largest solar project contracted by Colorado Springs Utilities to date and the first solar project to interconnect with Colorado Springs Utilities’ transmission system.
The Palmer Solar project will generate enough energy to power about 19,000 homes per year.
The Palmer Solar project will create jobs and deliver property tax revenues to El Paso County. Property tax revenues to the county are estimated to be approximately $5.2 million throughout the life of the project. The project workforce will employ as many as 200 individuals during the peak construction period.
Duke Energy Renewables entered into an engineering, construction and procurement agreement with juwi for the construction of the project. juwi, through its unit JSI Construction Group, is overseeing the construction of the project, which began in the first quarter of 2019.
Duke Energy Renewables anticipates construction of the Palmer Solar project to be complete by the end of the year.