KEPCO to buy 30 MW solar park in Colorado

Korea Energy Power Corp. (KEPCO) has plans to acquire the 30 MW Alamosa Solar Generating plant from Cogentrix Energy Power Management LLC, a subsidiary of Carlyle Group LP, which acquired Cogentrix Energy assets in September 2012 from Goldman Sachs.

KEPCO would sign the agreement with Carlyle Group to acquire the photo-voltaic plant, which is located in the San Luis Valley near Alamosa, Colorado (US). The company will pay about US$30 million for the solar asset.

The plant consist of more than 500 dual-axis, pedestal mounted tracker assemblies, with a power generating capacity of 60 kW each.

The plant began commercial operation in May 2012 and it supplies electricity to customers of the Public Service Company of Colorado (PSCo).

The deal is part of KEPCO's new strategy to enter in the renewable energy markets in advanced countries, such as USA. The company has carried out 37 projects in 22 different countries, most of them emerging economies.