Lightsource bp will finance, build, own and operate the facility and deliver the solar energy it generates to Xcel Energy under a long-term power purchase agreement. Construction of the project is expected to begin before the end of 2021.
Kevin Smith, CEO, Lightsource bp, Americas, said, "Lightsource bp is continuing to expand our investment in Colorado’s clean power future. As long-term members of the Pueblo community, we are thrilled this project will further contribute to the local jobs ecosystem and tax base while delivering cost-effective renewable energy for decades to come.”
“Xcel Energy is thrilled to be working with Lightsource bp on another major solar project in Pueblo that adds even more renewable energy to our system, while also creating jobs in the community. This collaboration is a win for Pueblo and for the State of Colorado and demonstrates our commitment to the communities as we lead the energy transition. We will continue to explore new and innovative projects that benefit our customers, ” said Alice Jackson, president of Xcel Energy--Colorado
The Sun Mountain Solar farm will abate 404,080 tons of CO2 annually, the equivalent of taking over 87,000 cars off the road each year. Additionally, the project will create 300 jobs during construction, to be filled mainly by locals.
The Sun Mountain power purchase agreement complements Xcel Energy’s broader Colorado Energy Plan to deliver 55% renewable energy to the grid and reduce carbon emissions 60% by 2026. It also supports Colorado’s clean energy goal to reduce emissions statewide 26% by 2025, 50% by 2030, and 90% by 2050 – creating cleaner and healthier communities across Colorado while contributing to local economies.
Bighorn Solar, Lightsource bp’s first Pueblo project powering the EVRAZ Rocky Mountain Steel mill, provides an additional 300MW of solar-generated electricity to Xcel Energy. In total, the two projects will contribute $48 million in property tax payments to Pueblo over their lifespan. And at both the Sun Mountain and Bighorn solar farms, Lightsource bp is installing and conserving in total over 3,000 acres of shortgrass prairie, creating habitat for wildlife while bolstering the sites’ ability to sequester carbon.
