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Xcel Energy, EVRAZ North America and Lightsource BP announce that one of Colorado’s largest solar projects is moving forward

Power News - Published on Tue, 01 Oct 2019

Image Source: bizjournals.com
Plans to build one of the state’s largest solar facilities are a step closer to reality as Xcel Energy, EVRAZ North America and Lightsource BP announced they have reached a long-term agreement to develop a new 240-megawatt solar facility in Pueblo. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement. It will be located on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country. This innovative agreement makes possible EVRAZ North America’s planned long-term investment in Colorado, while supporting the goals of Xcel Energy’s partners and community.

Alice Jackson, president of Xcel Energy Colorado said that “We’re thrilled to partner with EVRAZ North America and Lightsource BP, two companies committed to creating innovative solutions, while developing new solar energy sources within the state. Working together, we’re benefiting the environment and the local economy by retaining a valued company in southern Colorado.”

Mr Skip Herald, president and chief executive officer of EVRAZ North America said that “This pioneering partnership with Xcel Energy and Lightsource BP marks a milestone for the development of our new rail mill and will make EVRAZ North America the industry leader in the use of renewable energy to produce the greenest steel and engineered steel products in the world, from rail to rod & bar. This long-term agreement is key to our investment in Colorado’s new sustainable economy.”

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Posted By : Rabi Wangkhem on Tue, 01 Oct 2019
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