Both sides expect to complete a long-term power purchase agreement in the middle of this year.
Earlier Tuesday, another unit of Xcel Energy announced plans to purchase 300MW of utility-scale solar by 2020 in Minnesota.
When completed by the summer of 2016, Comanche will be the largest solar facility in both Colorado and east of the Rocky Mountains.
Community Energy says the project will be comprised of more than 450,000 mono-crystalline PV modules utilizing a single-axis tracking technology
In total, the project will generate enough power for more than 31,000 homes in its first year.
