Lightsource bp developing another 300-MW solar project in Colorado
Light source bp is developing a new 298 MW solar farm in Pueblo, Colorado, the company’s second project in the city.
Lightsource bp finances, builds, owns and operates the facility and supplies the generated solar energy Xcel Energy under a long-term power purchase agreement. Construction on the project is expected to begin before the end of 2021.
“Lightsource bp continues to expand our investment in Colorado’s clean energy future,” said Kevin Smith, CEO, Lightsource bp, Americas. “As long-standing members of the Pueblo community, we are excited that this project will further contribute to the local job ecosystem and tax base, while delivering cost-effective renewable energy for decades to come.”
The Sun Mountain Solar farm will create 300 jobs during construction, which will mainly be filled by local workers.
“Xcel Energy is excited to partner with Lightsource bp on another major solar project in Pueblo that will add even more renewable energy to our system while creating jobs in the community,” said Alice Jackson, president of Xcel Energy, Colorado. “This partnership is a victory for Pueblo and for the State of Colorado and demonstrates our commitment to communities as we lead the energy transition. We will continue to explore new and innovative projects that benefit our customers.”
The Sun Mountain power purchase agreement complements Xcel Energy’s broader Colorado energy plan to provide 55% renewable energy to the grid by 2026 and reduce carbon emissions by 60%. 2030 and 90% by 2050 — creating cleaner and healthier communities across Colorado while contributing to local economies.
“The Sun Mountain Solar farm once again exemplifies thoughtful partnerships that continue to provide jobs and clean infrastructure in Southern Colorado,” said Will Toor, executive director of the Colorado Energy Office. “Our state has 300 days of sunshine every year and I’m excited to see regional cooperation take place to capture our state’s great natural resources. These and other recent projects in the region are meaningful initiatives to meet the state’s ambitious greenhouse gas emissions targets while creating cleaner and healthier communities and contributing to the local economy.”
Bighorn Solar, Lightsource bp’s first Pueblo project to power the EVRAZ Rocky Mountain Steel plant, will provide an additional 300 MW of solar-generated electricity to Xcel Energy. In total, the two projects will contribute $48 million in real estate tax payments to Pueblo over their lifetimes.
On both the Sun Mountain and Bighorn solar parks, Lightsource bp is installing and preserving a total of more than 3,000 acres of shortgrass prairie, creating a habitat for wildlife and enhancing the sites’ ability to store carbon.
“I am delighted that Lightsource bp is once again partnering with Xcel Energy on the Sun Mountain Solar field in Pueblo,” said Pueblo Mayor Nick Gradisar. “The construction work will greatly benefit Pueblo and the surrounding community, and the finished product will help reduce our carbon footprint. Pueblo is fast becoming Colorado’s renewable energy hub and Lightsource bp is one of the reasons why.”
News item from Lightsource bp