JUWI Sells 327 MW DC Solar Projects to Tri-State
- JUWI Group sells 327 MW DC solar projects in Colorado to Tri-State, helping the non-profit reach 50% renewable energy goal by 2025.
German project developer JUWI Group has agreed to sell two solar projects in Colorado totaling 327 MW DC to Tri-State Generation and Transmission Association. The deal marks Tri-State's first acquisition of renewable projects and will help the non-profit wholesale power supplier reach its goal of 50% renewable energy use by its members. The two solar schemes, Axial Basin Solar and Dolores Canyon Solar, are expected to be operational by late 2025.
This acquisition is part of Tri-State's larger plan to serve its members with 680 MW of solar energy across eight facilities by the end of 2025. JUWI was previously selected to build 500 MW of solar parks in Colorado for Tri-State under a power purchase agreement, including the partially completed 179-MW DC Spanish Peaks solar farm.
How will Tri-State's acquisition of 327 MW of solar projects impact renewable energy goals?
- Tri-State's acquisition of 327 MW of solar projects will significantly contribute to its goal of reaching 50% renewable energy use by its members.
- The addition of the Axial Basin Solar and Dolores Canyon Solar projects will help Tri-State diversify its energy portfolio and reduce its reliance on fossil fuels.
- This acquisition is part of a larger plan by Tri-State to provide its members with 680 MW of solar energy from eight facilities by the end of 2025.
- JUWI Group's agreement to sell these solar projects to Tri-State demonstrates the growing trend of utilities investing in renewable energy projects to meet sustainability goals.
- The completion of these solar projects by late 2025 will further solidify Tri-State's commitment to increasing its renewable energy capacity and reducing its carbon footprint.
