EVRAZ’s Rocky Mountain steel mill in Pueblo was owned and run by the Colorado Fuel and Iron Company, better known as CF&I, for more than 100 years. It was acquired by Evraz in 2007. Source: Wikimedia Commons.
Lightsource BP will build and operate a 240MW solar facility that will sell energy to Midwestern utility Xcel Energy to power operations at a historic Colorado steel mill for 20 years.
The project partners, which count steel maker EVRAZ North America, are touting the project as the largest on-site solar facility dedicated to a single customer in the US.
The US$250 million solar plant will be located on EVRAZ’s Rocky Mountain steel property in the central Coloradan city of Pueblo. The array will provide energy to the mill through a 20-year power purchase agreement (PPA) signed with off-taker Xcel Energy, Colorado’s largest utility.
The project is expected to start operating in 2021 and the deal will give the steel mill “price certainty” through 2041, according to the three companies.
The mill, which started operating in the late 19th century, currently employs 1,000 people. Construction and maintenance of the solar plant is expected to generate a further 300 jobs, alongside US$22 million in property tax revenue.
The deal is subject to a final review by Colorado’s utilities commission.
Xcel Energy intends to deliver 55% renewable energy to the grid by 2026. EVRAZ North America is its largest retail electricity customer.
Colorado’s Democratic Governor Jared Polis wants the state to be powered entirely by renewable energy by 2040, with voluntary processes set out in mid-2019 to help industry reach that aim.
Lightsource BP, the British-headquartered solar arm of oil major BP, claims to have a US solar pipeline larger than 4GW. This month, it secured US$140 million in financing for a portfolio of seven utility-scale PV projects across the US, including a 70MW trio of facilities in Pennsylvania that broke ground two weeks prior. It is also developing an 130MW PV projet in Alabama.
EVRAZ North America is part owned by Roman Abromovich and is a subsidiary of Russia's largest steel producer EVRAZ.
US solar prospects amid PPA uptake and a changing policy landscape will take centre stage at Solar Media's Solar & Storage Finance USA in New York on 29-30 October 2019
Following the successful launch of Energy Storage Summit USA, we are pleased to announce its return for a 2nd year. Renowned for its quality, breadth and expertise, this event features an all-encompassing range of strategic and technical sessions on the adoption and deployment of storage. Key market drivers such as the falling price of lithium-ion batteries, investment in electric vehicle infrastructure, FERC Order 841, government incentives, grid modernization, transition from dependency on the networks to a desire for autonomy and intermittent renewable sources, all add to an exciting time for the Energy Storage value chain.
Intersolar North America is the first major solar + energy storage event of the year that connects innovators and decision makers. With a dynamic exhibition floor and robust conference program, #isna2020 provides business-to-business professionals a platform to advance business, expand education, and drive networking. Immerse yourself in three days of best-in-class conference programming and special exhibits and pavilions that showcase the industry trends, innovative solutions, and emerging talent transforming the solar, energy storage, and e-mobility markets: Join us February 4-6, 2020 at the San Diego Convention Center in San Diego, California.