- The Pike Photo voltaic mission will present clear vitality to Colorado Springs Utilities clients
CHARLOTTE, NC, Jan. 18, 2023 /PRNewswire/ — Duke Power Sustainable Options (DESS) has acquired Pike Photo voltaic, a brand new solar energy plant constructed to serve Colorado Springs Utilities clients. Duke Power Sustainable Options is a nonregulated industrial model of Duke Power (NYSE: DUK).
DESS acquired the photo voltaic mission from JUWI Inc. (JUWI), a world solar energy developer.
Comprises greater than 414,000 photo voltaic panels on about 1,310 acres outdoors the town limits of Colorado Springs, Colo., Pike Photo voltaic will present 175 megawatts of electrical energy to Colorado Springs Utilities clients. That is sufficient electrical energy to energy roughly 46,300 properties.
Underneath the 17-year settlement, Colorado Springs Utilities will buy electrical energy generated by Pike Photo voltaic. Underneath the phrases of the acquisition, JUWI shall be accountable for engineering, procurement and development of the mission. The photo voltaic modules are bought by DESS.
JUWI and DESS every have operational and upkeep obligations. With this addition, DESS has three photo voltaic initiatives in Colorado whole 248 megawatts.
“We’re excited to proceed increasing our photo voltaic portfolio in Colorado,” stated Chris Fallon, president of Duke Power Sustainable Options. “This mission will assist the renewable vitality targets of Colorado Springs Utilities and permit them to cut back vitality prices whereas offering extra various and cleaner vitality options for his or her clients.”
“That is an thrilling growth for us as Pike Photo voltaic is the biggest photo voltaic facility in our system and represents an necessary step in our journey to rework our vitality combine,” stated . Offers on Locks, appearing chief govt officer for Colorado Springs Utilities. “Tasks like Pike Photo voltaic are essential to our skill to attain our Power Imaginative and prescient aim of reaching an 80% carbon discount by 2030.”
The photo voltaic plant is beneath development with present actions centered on civil works and racking set up, and is scheduled to attain industrial operation in late 2023.
“The completion of the Pike Photo voltaic mission marks one other milestone in our firm’s historical past. Pike Photo voltaic is our firm’s largest single mission worldwide. We’re happy to work with Duke Power Sustainable Options, Colorado Springs Utilities Board and Locations referred to as El Paso County in the US native officers so as to add extra clear and cost-effective era of Coloradoour house base within the US,” stated the JUWI Group COO Stephan Hansen.
The mission is anticipated to make use of 350 at peak development. Together with the oblique financial advantages that accompany photo voltaic mission growth, corresponding to elevated native spending within the service and development trade, the Pike Photo voltaic facility can even have a constructive affect on the native economic system. group by offering extra tax income for space public colleges.
As one of many nation’s main renewable vitality suppliers, Duke Power has greater than 10,500 MW of photo voltaic and wind vitality.
About Duke Power Sustainable Options
Duke Power Sustainable Options is a frontrunner in sustainable vitality, serving to giant companies scale back electrical energy prices, decrease emissions and enhance resilience. The crew offers wind, photo voltaic, secure backup energy and vitality administration providers to greater than 1,000 initiatives throughout the US, with a complete energy capability of greater than 5,100 megawatts of renewable vitality. or that vitality.
Duke Power Sustainable Options is a nonregulated industrial model of Duke Power (NYSE: DUK), a Fortune 150 firm and one of many largest vitality holding corporations within the US, headquartered in Charlotte, NC
The model contains the next subsidiaries of Duke Power Company which might be registered to transact enterprise in numerous states and could also be branded as Duke Power Sustainable Options for advertising functions: Duke Power One, Inc.; Duke Power Business Enterprises, Inc.; Duke Power Renewables, Inc.; Duke Power Renewables Business, LLC; Duke Power Renewable Providers, LLC.; Duke Power Renewables Storage, LLC; Duke Power Renewable Wind, LLC.; Duke Power Renewables Photo voltaic, LLC.; and REC Photo voltaic Business Company.
About JUWI Inc.
JUWI Group has been one of many main specialists in renewable vitality for over 25 years and provides full mission growth in addition to different providers associated to the planning, development, and administration of renewable vitality operations. vitality crops. The principle enterprise areas embody initiatives with wind and photo voltaic vitality in addition to hybrid programs with storage for industrial functions.
JUWI employs greater than 1,200 folks worldwide. Apart from Germany’sthe corporate has subsidiaries in Italy, Greece, South Africathe deer (Coloradoprimarily based on HQ), Japan, australian, India, the Philippines, Thailand, Vietnam and Singapore.
Presently, JUWI has applied greater than 1,200 wind vitality crops with a capability of greater than 2,800 megawatts in roughly 200 areas worldwide within the wind section. On the photo voltaic facet, the corporate has applied roughly 1,850 PV crops with a complete capability of round 3,250 megawatts. JUWI’s operations administration group serves wind vitality and photovoltaic crops with a capability of greater than 4,100 megawatts.
About Colorado Springs Utilities
For generations, Colorado Springs Utilities has offered electrical, pure fuel, water and wastewater providers to the Pikes Peak area. As a community-owned utility, its clients get pleasure from aggressive charges, distinctive metropolis service, accountable environmental practices and a voice in how their utility operates. Study extra at csu.org.
Contact: Valerie Patterson
24-Hour: 800.559.3853
SOURCE Duke Power
