{"id":1004356556,"date":"2019-10-02T03:45:34","date_gmt":"2019-10-02T11:45:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004356556"},"modified":"2019-10-17T11:15:38","modified_gmt":"2019-10-17T19:15:38","slug":"one-of-colorados-largest-solar-projects-advances","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/one-of-colorados-largest-solar-projects-advances\/","title":{"rendered":"Record-Setting Colorado Solar Project Advances"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay<\/em><\/p><\/div>\n

Xcel Energy, EVRAZ North America and Lightsource BP have reached a long-term agreement to develop a new 240-megawatt solar facility in Pueblo, Colo., dubbed Bighorn Solar. The arrangement supports Xcel\u2019s energy goals<\/a> and enables the EVRAZ\u2019 planned long-term investment in the state, where it currently employs about 1,000 workers.<\/p>\n

The agreement requires final review by the Colorado Public Utilities Commission and it complements the broader Colorado Energy Plan, which will deliver 55 percent renewable energy to the grid by 2026 and reduce carbon emissions<\/a> by 60 percent.<\/p>\n

Green energy for steel production<\/h2>\n

Headquartered in Chicago, EVRAZ North America is a wholly owned subsidiary of EVRAZ plc, which is one of the world\u2019s largest vertically integrated steel and mining businesses. The project will be located on EVRAZ’s Rocky Mountain Steel property in Pueblo and will be the largest on-site solar facility dedicated to a single customer in the country.<\/p>\n

Lightsource BP will finance, 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 companies agreed to set in place a 20-year, fixed-rate structure contract that gives the steel mill price certainty through 2041.<\/p>\n

Lightsource BP and project investors will pour in the solar facility about $250 million. The project is estimated to create 300 jobs in construction, operations, maintenance and asset management. Moreover, it will contribute more than $20 million in property tax revenue over the project\u2019s life. Bighorn Solar is slated to begin commercial operation by the end of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dubbed Bighorn Solar, the 240-megawatt development will be the largest on-site solar facility dedicated to a single customer in the country.<\/p>\n","protected":false},"author":237,"featured_media":1004348999,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21742,21786,15],"tags":[43154,35875,34540],"class_list":["post-1004356556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-latest","category-sustainability","category-west","tag-lightsource-bp","tag-solar-power","tag-xcel-energy"],"acf":[],"yoast_head":"\nRecord-Setting Colorado Solar Project Advances - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/one-of-colorados-largest-solar-projects-advances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record-Setting Colorado Solar Project Advances\" \/>\n<meta property=\"og:description\" content=\"Dubbed Bighorn Solar, the 240-megawatt development will be the largest on-site solar facility dedicated to a single customer in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/one-of-colorados-largest-solar-projects-advances\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-02T11:45:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-17T19:15:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/solar-panel-2889317_1920-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/one-of-colorados-largest-solar-projects-advances\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/one-of-colorados-largest-solar-projects-advances\/\",\"name\":\"Record-Setting Colorado Solar Project Advances - 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