New Projects, Renewables, Solar

SunEdison acquires Colorado’s largest solar power plant

SunEdison Inc. (NYSE: SUNE) has acquired the 156-MW Comanche Solar project from renewable energy developer Community Energy.

Upon completion, the project located east of the Rocky Mountains, will be the largest solar power facility in Colorado.

SunEdison will work with Community Energy on the final development stages of the project. In addition, SunEdison will manage the construction, operation, and maintenance of the solar power plant.

“This large-scale Comanche Solar generating facility will deliver clean, renewable energy for our customers at a price that is right,” said David Eves, president and CEO of Public Service Company of Colorado, an Xcel Energy company. “Solar energy is an increasingly important part of our energy future and it is clear that many of our customers and fellow Colorado citizens share that belief.  We want to make sure that solar energy policy encourages the development of solar energy in a transparent and sustainable manner.”

Construction is scheduled to begin in 2015 and expected to reach commercial operation in 2016.

Xcel Energy will purchase power produced under a 25-year power purchase agreement.