EVRAZ North America, Xcel Energy and Lightsource BP announced today they have reached a long-term agreement to develop a new 240-megawatt solar facility in Pueblo. This innovative agreement makes possible EVRAZ North America’s planned long-term investment in Colorado, while supporting the goals of Xcel Energy’s partners and community.
Lightsource BP and project investors on its side will invest an estimated $250 million into the solar facility. Lightsource BP will build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement.
The project is expected to go online by the end of 2021.
Link to press release