Portland, Ore., October 12, 2010 – Iberdrola Renewables announced a power purchase agreement for a solar power facility to be located near Alamosa in southern Colorado. Public Service Co. of Colorado, an Xcel Energy company, has agreed to purchase the entire output of a 30 MW photovoltaic project under development in the north end of Alamosa County, Colorado.
After being selected in a competitive bid process, the agreement with PSCo marks Iberdrola Renewables’ sixth transaction with Xcel Energy companies, representing over 400 MW of clean power.
Iberdrola Renewables is developing the San Luis Valley Solar Ranch, and will own and operate the project. It is expected to begin construction later this year, with operation scheduled for the end of 2011.
The solar facility is located on 320 acres of former agricultural land near the town of Mosca. The project will create employment opportunities and provide revenue for schools, health, fire and other critical services in Alamosa County.