Duke Energy Sustainable Solutions to build new solar plant in El Paso County, Colo.

• The Pike Photo voltaic undertaking will present clear vitality to Colorado Springs Utilities clients

CHARLOTTE, NC, Jan. 18, 2023 /PRNewswire/ — Duke Power Sustainable Options (DESS) has acquired Pike Photo voltaic, a brand new solar energy plant constructed to serve Colorado Springs Utilities clients. Duke Power Sustainable Options is a nonregulated industrial model of Duke Power (NYSE: DUK).

DESS acquired the photo voltaic undertaking from JUWI Inc. (JUWI), a world solar energy developer.

Comprises greater than 414,000 photo voltaic panels on about 1,310 acres outdoors the 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.

Underneath the 17-year settlement, Colorado Springs Utilities will buy electrical energy generated by Pike Photo voltaic. Underneath the phrases of the acquisition, JUWI can 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 tasks. With this addition, DESS has three photo voltaic initiatives in Colorado complete 248 megawatts.

“We’re excited to proceed increasing our photo voltaic portfolio in Colorado,” stated Chris Fallon, president of Duke Power Sustainable Options. “This undertaking will help the renewable vitality targets of Colorado Springs Utilities and permit them to cut back vitality prices whereas offering extra numerous and cleaner vitality 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 an necessary step in our journey to rework our vitality combine,” stated . Offers on Locks, performing chief government officer for Colorado Springs Utilities. “Initiatives like Pike Photo voltaic are important to our means to attain our Power Imaginative and prescient purpose of attaining an 80% carbon discount by 2030.”

The photo voltaic plant is beneath 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 Power Sustainable Options, Colorado Springs Utilities Board and Locations referred to as El Paso County in the US native officers so as to add extra clear and cost-effective technology of Coloradoour house base within the US,” stated the JUWI Group COO Stephan Hansen.

The undertaking is predicted to make use of 350 at peak development. Together with the oblique financial advantages that accompany photo voltaic undertaking improvement, corresponding to elevated native spending within the service and development trade, the Pike Photo voltaic facility will even have a optimistic impression on the native economic system. neighborhood by offering extra tax income for space public faculties.

As one of many nation’s main renewable vitality suppliers, Duke Power has greater than 10,500 MW of photo voltaic and wind vitality.

About Duke Power Sustainable Options

Duke Power Sustainable Options is a pacesetter in sustainable vitality, serving to giant companies cut back electrical energy prices, decrease emissions and improve resilience. The workforce offers wind, photo voltaic, steady backup energy and vitality administration providers to greater than 1,000 initiatives throughout the US, with a complete energy capability of greater than 5,100 megawatts of renewable vitality. or that vitality.

Duke Power Sustainable Options is a nonregulated industrial model of Duke Power (NYSE: DUK), a Fortune 150 firm and one of many largest vitality holding firms within the US, headquartered in Charlotte, NC

The model contains the next subsidiaries of Duke Power Company which can be registered to transact enterprise in numerous states and could also be branded as Duke Power Sustainable Options for advertising and marketing functions: Duke Power One, Inc.; Duke Power Business Enterprises, Inc.; Duke Power Renewables, Inc.; Duke Power Renewables Business, LLC; Duke Power Renewable Companies, LLC.; Duke Power Renewables Storage, LLC; Duke Power Renewable Wind, LLC.; Duke Power Renewables Photo voltaic, LLC.; and REC Photo voltaic Business Company.

About JUWI Inc.

JUWI Group has been one of many main specialists in renewable vitality for over 25 years and affords full undertaking improvement in addition to different providers associated to the planning, development, and administration of renewable vitality operations. vitality vegetation. The primary enterprise areas embrace initiatives with wind and photo voltaic vitality in addition to hybrid methods with storage for industrial purposes.

JUWI employs greater than 1,200 individuals worldwide. Apart from Germany’sthe corporate has subsidiaries in Italy, Greece, South Africathe deer (Coloradoprimarily based on HQ), Japan, australian, India, the Philippines, Thailand, Vietnam and Singapore.

Presently, JUWI has carried out greater than 1,200 wind vitality vegetation with a capability of greater than 2,800 megawatts in roughly 200 areas worldwide within the wind section. On the photo voltaic aspect, the corporate has carried out roughly 1,850 PV vegetation with a complete capability of round 3,250 megawatts. JUWI’s operations administration group serves wind vitality and photovoltaic vegetation with a capability of greater than 4,100 megawatts.

About Colorado Springs Utilities

For generations, Colorado Springs Utilities has offered electrical, pure gasoline, water and wastewater providers 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.

Contact: Valerie Patterson
24-Hour: 800.559.3853

SOURCE Duke Power