Invenergy signs power supply deal with CORE Electric Cooperative in Colorado


Invenergy’s 10MW Woodville solar project in Ontario, Canada. Image: Invenergy Renewables.

Colorado-based electricity distributor CORE Electric Cooperative has penned a wholesale power supply agreement with power generation developer Invenergy, which will give CORE access to an additional 1.2TWh of renewable energy a year.

Expected to begin in 2026, the additional capacity will come via 400MW of new solar and wind projects and 100MW of battery storage, as well as an existing 300MW of natural gas resources. CORE said that the agreement will cover the lion’s share of its wholesale energy requirements, stabilising its costs and, by extension, those of its consumers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“This partnership between Invenergy and CORE signifies a key moment in Colorado’s clean energy transition,” said Jim Shield, senior EVP and development business leader at Invenergy.

In December, the Bureau of Land Management and secretary of the interior Deb Haaland announced plans to expand solar deployments of public land in the western US. Colorado was highlighted as one of the states to be assessed for land with high solar potential and low resource conflict.

CORE Electric Cooperative, a non-profit member-owned company, has a target to reduce its carbon emissions by 80% by 2030 and to establish more battery storage and other technologies in its Colorado portfolio. It said that this agreement, which has a 20-year lifespan, would accelerate its progress in these regards.

Invenergy currently has seven renewable energy projects in operation across Colorado, in addition to the new capacity that will be brought online under this agreement.

In January last year, Invenergy closed a US$3 billion investment from asset manager Blackstone, which it said would help it to accelerate the build-out of its solar projects.

21 May 2024
Understanding the PV module supply to the U.S. market in 2024 & 2025. The conference gathers together developers, independent power producers and module suppliers to the U.S. solar market as well as EPCs, banks, investors, technical advisory and testing & certification specialists.

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events