Xcel Energy to develop 240 MW solar project to power steel mill in Colorado

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Xcel Energy has signed a contract with New CF&I, Inc., a steel manufacturer based in Colorado, USA and subsidiary of Evraz, to build a 240 MW solar photovoltaic power plant at the site of the company's steel mill in Pueblo.

The mill is currently powered through a direct transmission link to the 1,410 MW Comanche coal-fired power station, which Xcel plans to close as part its Colorado Energy Plan to replace coal-fired resources and with wind and solar energy.

Under the contract, Xcel Energy will provide electric service to Evraz under new fixed rates for 23 years. The agreement allows the utility to interrupt its service to the mill if extra power is needed for grid support during peak use periods, while the solar facility would continue to supply the plant. At other times, Xcel Energy will take excess power from the solar plant to supply other customers.

Xcel Energy has submitted the proposal for the plant and contract to the Colorado Public Utilities Commission. This is contingent upon the Commission's approval of the overall energy plan, which an administrative law judge has recommended be approved by 4 September.

List of the country updates

Country updates

  • August 21, 2018

    Senvion to supply 275 MW wind project in Texas

    Senvion has announced that it has signed agreements to supply and commission 275 MW of wind turbines for the Truscott-Gilliland (TG) East wind project, which is owned by Taale...

    Read more
  • August 20, 2018

    Constellation breaks ground the solar PV project in Maryland

    Constellation, an Exelon company, has started the construction of the 10 MWdc solar photovoltaic project located in Ocean City, Maryland, USA. The facility, consists of more than 30,000 phot...

    Read more
  • August 17, 2018

    Operators in US' largest shale oil basin agree to US$9.2 billion merger

    Diamondback Energy, Inc. and Energen Corporation have announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock...

    Read more
  • August 17, 2018

    Engie completes financing of 200 MW wind project in Texas

    ENGIE North America has signed the construction and tax equity financing as well as a power hedge for the 200 MW Live Oak wind project in Schleicher County, Texas. The project is scheduled to be...

    Read more
  • August 14, 2018

    Seventus completes acquisition of the Jawbone project from Gaelectric

    A new renewable energy development and finance firm Seventus has acquired the 235 MW  Wind project located on approximately 31,000 acres of land in Wheatland County, Montana,...

    Read more

Share this update