Solar Energy Project to Power 25,000 Homes in Colorado
DENVER, Colo. — Invenergy, a privately held developer of sustainable energy solutions, has begun work on a 127 megawatt project in Colorado that will generate enough electricity to power 25,000 homes while paying about $250,000 annually in local property taxes.
Dubbed the Boutique Solar project, the facility in Montezuma County, Colorado will create about 300 temporary construction jobs and three permanent jobs once the facility is operational in late 2025.
The largely rural area in the southern part of the state is now mostly known as the location of hundreds of ancient Native American structures and as the home of the Ute Mountain Indian Reservation.
Guzman Energy, a Colorado-based wholesale power provider, has signed a power purchase agreement for the total output from the facility.
“Invenergy is proud to partner with Guzman Energy to bring clean, reliable power to the communities it serves,” said Greg Leuchtmann, senior vice president, Origination at Invenergy. “This agreement reflects the increasingly compelling value of renewable energy for a variety of customers to meet energy needs and build healthy, sustainable communities.”
“Wholesale power customers are looking to Guzman Energy to supply them with affordable, reliable and clean energy solutions,” said Guzman Energy CEO Chris Riley. “Partnering with Invenergy on the Boutique Solar project demonstrates our commitment to customers and the industry to be a leader in energy transition.”
