Duke Energy Acquires Colorado Solar Project

Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Sustainable Solutions (DESS), a nonregulated commercial brand of Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), has acquired the Pike Solar project in Colorado from juwi Incorporated (juwi Americas) (Boulder, Colorado)--a North American subsidiary of global solar-power developer JUWI (Woorstadt, Germany). Industrial Info is tracking two solar projects at plants owned by DESS, and $791.5 million worth of projects from JUWI in the U.S.

The Pike solar plant is expected to generate 175 megawatts (MW) of electricity, utilizing more than 414,000 photovoltaic (PV) solar panels, according to a related press release. The power generated will be provided to Colorado Springs Utilities (CSU), which serves customers near Colorado Springs, under a 17-year power purchase agreement.

JUWI will remain responsible for the engineering, procurement and construction (EPC) of the project, while DESS will be procuring the solar panels. Both companies "will each have operation and maintenance responsibilities." The plant is "under construction, with current activities focused on civil work and racking installation, and is scheduled to achieve commercial operation in late 2023."

Industrial Info is tracking the project, as well as a 75-MW battery energy storage system (BESS) unit addition at the plant. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can see detailed reports on the solar and BESS projects.

Industrial Info is tracking two solar projects from Duke Energy Sustainable Solutions, which are in their planning stages: the proposed $460 million Turtle Creek PV Solar Plant in New Lebanon, Indiana, which has a planned generating capacity of 400 MW, and the 100-MW Wildflower PV Solar Plant in Walls, Mississippi. The projects are expected to kick off in October and March 2024, respectively. SOLV Energy (San Diego, California) is performing EPC services for the Wildflower project.

Subscribers can see reports on the Turtle Creek and Wildflower projects.

These projects support parent Duke Energy's plan to reach a 50% reduction in carbon emissions from electricity generation by 2030, and net-zero emissions by 2050. Industrial Info is tracking $4.6 billion worth of U.S. renewable-energy projects from Duke Energy. For more information, see Industrial Info's January 13, 2023, article - Duke Energy Completes Iowa Windfarm, at Work on $4.6 Billion of U.S. Renewable Projects.

Meanwhile, juwi Americas is planning three solar projects in Colorado that are in their planning stages: the 149-MW, proposed $180 million Coyote Gulch PV Solar Plant in Ignacio; 124-MW Spanish Peaks PV Solar Plant in Trinidad; and a 52-MW Phase II addition at Spanish Peaks. Click here for the project reports.

Subscribers to Industrial Info's GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article and click here for a full list of plant profiles.

Subscribers can click here for a full list of active projects attributed to juwi Americas.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).