New Projects, Solar

Xcel Energy, SunPower team on solar PV project in Colorado

Xcel Energy (NYSE: XEL) and SunPower Corp. (Nasdaq: SPWR) signed a power purchase agreement to build a 50-MW solar photovoltaic (PV) project in Colorado’s San Luis Valley.

SunPower said it expects to begin construction in 2015, and to start commercial operation by the end of 2016. SunPower will design and build a SunPower Oasis Power Plant system.

SunPower built two solar power plants that generate power for Xcel Energy’s Colorado customers: The 19-MW Greater Sandhill plant that has been operating since 2010, and the 30-MW San Luis Valley Solar Rach, that began operations in 2011.

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