Xcel seeks bids for solar projects | AspenTimes.com

Xcel seeks bids for solar projects

The Associated Press
Aspen, CO Colorado

DENVER ” Xcel Energy is seeking bids for on-site solar power projects totaling up to 5 megawatts of electricity.

Minneapolis-based Xcel Energy, Colorado’s largest electric utility, said Tuesday that it is expanding its solar-power program. A state law requires most utilities to get 20 percent of their electricity from renewable energy sources by 2020, with 4 percent of that coming from solar energy.

“It is becoming increasingly important for us to leverage customer-owned solar power facilities as we grow our Solar Rewards program to meet Colorado’s renewable energy standard,” said Fred Stoffel, vice president of marketing.

Xcel Energy will award the winning bidders a 20-year contract to sell the renewable energy credits from the projects to Xcel Energy. The company will also pay customers a rebate of $2 per watt for the first 100 kilowatts.

An 8.22-megawatt photovoltaic solar plant built and operated by SunEdison near Alamosa is selling renewable energy credits and the solar power generated for 20 years.

One megawatt serves roughly 1,000 homes.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.