Duke Energy Acquires Solar Project in Colorado

Duke Energy Renewables recently announced that it has acquired the development assets associated with the 60-megawatt (MW) Palmer Solar project in El Paso County, Colorado, from juwi Americas, a renewable energy company based in Boulder.

The project, which contains more than 200,000 solar panels, will employ as many as 200 individuals during the peak construction period and generate enough energy to power approximately 19,000 homes per year. Construction is expected to be complete by the end of the year.

The project is being developed in partnership with Colorado Springs Utilities, whose customers will receive the energy the facility generates under a 20-year agreement. This represents the largest solar project contracted by Colorado Springs Utilities to date and the first solar project to interconnect with Colorado Springs Utilities’ transmission system.

“We are committed to offering our customers a clean, more diverse and affordable energy portfolio to power homes and businesses,” said Aram Benyamin, Colorado Springs Utilities CEO. “The Palmer Solar project is one of the latest examples of how we are partnering with entities to change the way we power Colorado Springs, taking advantage of the economics and environmental benefits of solar power.”

Duke Energy Renewables entered into an engineering, construction and procurement (EPC) agreement with juwi for the construction of the project. Through its subsidiary JSI Construction Group, juwi is overseeing the construction of the project, which began in the first quarter of 2019.

“We’re thrilled to work with Duke Energy to bring additional clean generation to Colorado Springs,” said Michael Martin, president of juwi Americas.

For more information, visit www.duke-energy.com.