-
The Pike Photo voltaic undertaking will present clear power to Colorado Springs Utilities clients
CHARLOTTE, NC – Duke Vitality Sustainable Options (DESS) has acquired Pike Photo voltaic, a brand new solar energy plant constructed to serve Colorado Springs Utilities clients. Duke Vitality Sustainable Options is a nonregulated industrial model of Duke Vitality (NYSE: DUK).
DESS acquired the photo voltaic undertaking from JUWI Inc. (JUWI), a world solar energy developer.
Consisting of greater than 414,000 photo voltaic panels on about 1,310 acres exterior town limits of Colorado Springs, Colo., Pike Photo voltaic will present 175 megawatts of electrical energy to Colorado Springs Utilities clients. That is sufficient electrical energy to energy roughly 46,300 houses.
Beneath the 17-year settlement, Colorado Springs Utilities will buy electrical energy generated by Pike Photo voltaic. Beneath the phrases of the acquisition, JUWI shall be accountable for engineering, procurement and development of the undertaking. The photo voltaic modules are bought by DESS.
JUWI and DESS every have operational and upkeep duties. With this addition, DESS has three photo voltaic initiatives in Colorado with a complete of 248 megawatts.
“We’re excited to proceed increasing our photo voltaic portfolio in Colorado,” stated Chris Fallon, president of Duke Vitality Sustainable Options. “This undertaking will help the renewable power targets of Colorado Springs Utilities and permit them to cut back power prices whereas offering various and cleaner power options for his or her clients.”
“That is an thrilling improvement for us as Pike Photo voltaic is the most important photo voltaic facility in our system and represents a major step in our journey to diversify our power combine,” stated Travas Deal, appearing chief govt officer for Colorado Springs Utilities. “Initiatives like Pike Photo voltaic are important to our capability to attain our Vitality Imaginative and prescient aim of reaching an 80% carbon discount by 2030.”
The photo voltaic plant is below development with present actions targeted on civil works and racking set up, and is scheduled to attain industrial operation in late 2023.
“The completion of the Pike Photo voltaic undertaking marks one other milestone in our firm’s historical past. Pike Photo voltaic is our firm’s largest single undertaking worldwide. We’re happy to work with Duke Vitality Sustainable Options, Colorado Springs Utilities Board and native officers in El Paso County so as to add extra clear and cost-effective technology to Colorado, our US dwelling base,” stated JUWI Group COO Stephan Hansen.
The undertaking is anticipated to make use of 350 at peak development. Together with the oblique financial advantages that accompany photo voltaic undertaking improvement, comparable to elevated native spending within the service and development business, the Pike Photo voltaic facility may also have a constructive affect on the native financial system. group by offering extra tax income for space public colleges.
As one of many nation’s main renewable power suppliers, Duke Vitality has greater than 10,500 MW of photo voltaic and wind power.
About Duke Vitality Sustainable Options
Duke Vitality Sustainable Options is a frontrunner in sustainable power, serving to giant companies cut back electrical energy prices, decrease emissions and improve resilience. The crew offers wind, photo voltaic, secure backup energy and power administration companies to greater than 1,000 initiatives throughout the US, with a complete energy capability of greater than 5,100 megawatts of renewable power. or that power.
Duke Vitality Sustainable Options is a nonregulated industrial model of Duke Vitality (NYSE: DUK), a Fortune 150 firm and one of many largest power holding corporations within the US, headquartered in Charlotte, NC
The model consists of the next subsidiaries of Duke Vitality Company which might be registered to transact enterprise in numerous states and could also be branded as Duke Vitality Sustainable Options for advertising and marketing functions: Duke Vitality One, Inc.; Duke Vitality Industrial Enterprises, Inc.; Duke Vitality Renewables, Inc.; Duke Vitality Renewables Industrial, LLC; Duke Vitality Renewable Companies, LLC.; Duke Vitality Renewables Storage, LLC; Duke Vitality Renewable Wind, LLC.; Duke Vitality Renewables Photo voltaic, LLC.; and REC Photo voltaic Industrial Company.
About JUWI Inc.
JUWI Group has been one of many main specialists in renewable power for over 25 years and gives full undertaking improvement in addition to different companies associated to the planning, development, and administration of renewable power operations. power crops. The primary enterprise areas embody initiatives with wind and photo voltaic power in addition to hybrid programs with storage for industrial purposes.
JUWI employs greater than 1,200 individuals worldwide. Exterior Germany, the corporate has subsidiaries in Italy, Greece, South Africa, USA (Colorado-based HQ), Japan, Australia, India, Philippines, Thailand, Vietnam and Singapore.
Presently, JUWI has applied greater than 1,200 wind power crops with a capability of greater than 2,800 megawatts in roughly 200 areas worldwide within the wind phase. On the photo voltaic facet, the corporate has applied roughly 1,850 PV crops with a complete capability of round 3,250 megawatts. JUWI’s operations administration group serves wind power and photovoltaic crops with a capability of greater than 4,100 megawatts.
About Colorado Springs Utilities
For generations, Colorado Springs Utilities has offered electrical, pure fuel, water and wastewater companies to the Pikes Peak area. As a community-owned utility, its clients take pleasure in aggressive charges, distinctive metropolis service, accountable environmental practices and a voice in how their utility operates. Be taught extra at csu.org.
Media Contact: Valerie Patterson
24-Hour: 800.559.3853
