Guzman Energy secures PPA with Sonnedix for new 110 MW solar project in Colorado
Guzman Energy and Sonnedix have executed a power purchase agreement (PPA) for the 110 MW Sonnedix Solar Fountain project in El Paso County, Colorado. The solar power generation site is planned for development and is expected to be operational in early 2025.
When complete, the solar photovoltaic (PV) plant is expected to generate approximately 312,670 MWh during its first year of operation.
Sonnedix will develop, build, operate and maintain the solar facility as the project sponsor. As an off-taker, Guzman Energy will purchase 100% of the power generated by Sonnedix Solar Fountain for its power portfolio, which is used to serve current and future Guzman Energy wholesale customer power loads.
“Sonnedix Solar Fountain is a great strategic fit for the Guzman Energy power portfolio as we look to build and purchase power generation with the right economic and environmental characteristics,” said Guzman Energy CEO Christopher Miller. “Guzman Energy wholesale power customers look to us for affordable and stable power pricing, reliability and clean energy. Sonnedix Solar Fountain fits the bill and we’re thrilled to partner with Sonnedix to make it happen.”
The solar project is expected to generate about 300 jobs for local workers during the construction and operation phases.
“We are ecstatic to have this opportunity with Guzman Energy to expand in Colorado, a state with a track record and policies strongly supporting renewable energy,” stated Carlos Guinand, cofounder and executive chairman of Sonnedix. “I feel proud that this partnership paves the way for Sonnedix to contribute to Colorado’s goal of 100% green energy generation by 2040.”
Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. The company partners with cooperatives, municipalities, companies and tribes across North America to customize energy portfolios that make economic and environmental sense.
Sonnedix is an international renewable energy producer (REP) with more than a decade of sustainable growth. The company develops, builds and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers and acting as a true social citizen there where it operates. Sonnedix currently has a total capacity of more than 9 GW, including a development pipeline of almost 7 GW across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, the United States and the UK.
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