US-based solar power company 174 Power Global has signed a power purchase agreement (PPA) with Black Hills Energy for the development of a solar power facility in Pueblo County, Colorado.
The 200MW Turkey Creek Solar facility is expected to generate enough clean energy to power around 46,000 homes in Colorado.
It will be built with an investment of more than $200m.
174 Power Global will lead the project development and construction and will be responsible for obtaining permits from local agencies, including Pueblo and Fremont Counties, as well as owning and operating the facility.
174 Power Global president Henry Yun said: “We are glad to partner with Black Hills Energy on the Turkey Creek Solar project, which will provide long-lasting environmental and economic benefits to the Pueblo community, as well as dependable solar power.
“We look forward to bringing Black Hills customers sustainable, cost-competitive, clean energy and working with the Pueblo and Fremont county communities.”
Construction works of the solar facility are expected to begin next year, with operations due to start in 2023.
During the construction phase, the project will create around 250 construction jobs.
Once operational, the clean energy generated by the solar farm will be purchased by Black Hills Energy.
This will contribute to Black Hills Energy’s Renewable Advantage plan, a clean-energy growth strategy estimated to deliver almost $178m through state, local and federal taxes to benefit the community.
Black Hills Energy Colorado utilities vice-president Vance Crocker said: “We are very pleased by the broad community support that is driving our Renewable Advantage plan forwards.
“With a project of this magnitude, we will assure significant cost savings for our customers while achieving long-lasting environmental benefits and economic vitality for our local and regional economies for years to come.”
In November 2019, Black Hills Energy submitted an application Colorado Public Utilities Commission seeking permission to add up to 200MW of renewable energy resources to its Southern Colorado system.