Duke Energy Renewables has acquired the development assets associated with the 60-megawatt Palmer Solar project in El Paso County, Colorado, from Boulder–based renewable energy company juwi Americas.
The amount of the transaction has not been disclosed.
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 megawatts.
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.
With enough energy to power approximately 19,000 homes this year, 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.
Duke Energy Renewables entered into an engineering, construction and procurement (EPC) agreement with juwi for the construction of the project. juwi, through its subsidiary 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.
Duke Energy Renewables is a commercial business unit of Duke Energy, one of the nation's top renewable energy providers. The company is on track to own or purchase 8,000 megawatts of wind, solar and biomass energy by 2020.
