Duke Energy acquires Victory Solar Power Project of Colorado

Wind and solar energy company Duke Energy Renewables has acquired 13-megawatt Victory Solar Power Project located at Adams County in Colorado from juwi.

Duke Energy Renewables and Distributed Energy Technology president Rob Caldwell said: “Victory is our first solar project in Colorado, where we already have an operating wind energy site.

“It's the 50th solar project in our growing US renewables footprint, and juwi's high-quality site marks another milestone in expanding our solar presence in the western part of the country."

Under a 25-year agreement, Sedalia-based Intermountain Rural Electric Association (IREA) will be purchasing the electricity generated from this acquired project.

The solar site project commenced its operations this week which has the capacity to power around 2,600 average homes.

juwi Inc CEO Michael Martin said: “IREA has been tremendous to work with throughout all stages of this project and should be praised for its leadership in bringing clean, safe and reliable energy to its customers.

“We are particularly excited to have played a role in delivering a major industry player like Duke Energy its first utility-scale solar project in our home state of Colorado."

IREA chief executive officer Patrick Mooney stated: “IREA is pleased to have worked with juwi to bring this facility into production ahead of schedule. We look forward to Duke Energy providing clean renewable energy to IREA's customers for years to come."

The solar site was developed by juwi's construction affiliate, JSI Construction Group, JSI O&M Group will be responsible for operations and maintenance services.

The project comprises 47,880 ground-mounted panels.

Investing more than $4bn in renewable energy, Duke Energy owns and operates 2,900MW of wind and solar energy that can power 800,000 average homes at peak production.