Developer Community Energy says that it will supply all 120MW of power from its planned Comanche Solar project near Pueblo to utility Public Service Company of Colorado, a unit of Xcel Energy.
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. Over the course of the project’s 25-year planned operation, it will produce more than 6bn kWh of energy and is expected to reduce CO2 emissions by 3.5 million tons.
The project will be located near Xcel Energy’s Comanche Generating Station southeast of Pueblo on under-utilized grazing land.
“We believe strongly that solar is for everyone and it is clear that many of our customers and fellow Colorado citizens share our passion for solar energy. This large-scale generating facility provides the advantage of renewable energy at a price that is right,” says David Eves, chief executive of Public Service Company of Colorado.