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January 5, 2022

Titan Solar Energy Center, US

By Carmen

Titan Solar Energy Center is a 50MW solar PV power project. It is located in Colorado, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in December 2018.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 50 50 Active Colorado, the US NextEra Energy Resources

Description

The project is developed and owned by NextEra Energy Resources.

Titan Solar Energy Center is a ground-mounted solar project.

The project cost is $88.106m.

The project consists of 185,000 modules.

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Development Status

The project got commissioned in December 2018.

Power Purchase Agreement

The power generated from the project is sold to Xcel Energy under a power purchase agreement. The power is sold at the rate of $0.033kWh for a period of 20 years. The contracted capacity is 50MW.

About NextEra Energy Resources

NextEra Energy Resources LLC (NEER) is a subsidiary of NextEra Energy Capital Holdings Inc,is a diversified clean energy company and is one of the largest wholesale generators of electric power in the US. The company, together with its subsidiaries owns, develops, constructs, manages and operates electricity generating facilities in wholesale energy markets in the US, Canada, and Spain. The company generates electricity using different fuel sources such as natural gas and oil, wind, solar and nuclear. It offers electricity to utilities, retail electricity providers, power cooperatives, municipal electricity providers and industrial companies. The company also provides energy and capacity requirement services; conducts power and gas marketing and trading activities; participates in natural gas, natural gas liquids and oil production and pipeline infrastructure development; and owns a retail electricity provider. NEER is headquartered in Juno Beach, Florida, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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