Duke Energy Renewables has acquired the 60 MW Palmer Solar project in El Paso County, Colo., from juwi Americas.
The Palmer project has a 20-year power purchase agreement with Colorado Springs Utilities. It will be the first solar project to interconnect with Colorado Springs Utilities’ transmission system.
Over the next five years, Colorado Springs Utilities intends to grow its solar generation from 19 MW to over 260 megawatts, including a 25 MW energy storage facility.
Through its subsidiary JSI Construction Group, juwi began building the project in the first quarter of this year under the terms of an EPC contract inked with Duke. The facility is expected to be online by the end of the year.
A spokesperson for Duke in Charlotte, N.C. and juwi in Wörrstadt, Germany, did not immediately respond to inquiries regarding the financial terms of the deal.