Wholesaler Guzman Energy secures Sonnedix Solar Fountain in Colorado

Feb. 21, 2023
The Solar Fountain project planned in El Paso County, expected to be operational in 2025, could produce more than 300,000 MWh of carbon-free electricity during its first year of generation

Electricity wholesaler Guzman Energy has signed a long-term power purchase agreement to finance the output of a future 110-MW solar photovoltaic project in Colorado.

The deal with Sonnedix secures 100 percent of the renewable energy generated by the coming Solar Fountain site in El Paso County. The Solar Fountain, expected to be operational in 2025, could produce more than 300,000 MWh of carbon-free electricity during its first year of generation, according to Sonnedix.

Now that that the investment is secured, global renewables firm Sonnedix will develop, build, operate and maintain the Solar Fountain facility. This is the company’s first PPA in Colorado.

Denver-based Guzman Energy will be the offtaker and incorporate the electricity generated into its power portfolio for its customers including cooperatives, municipal utilities and tribes. El Paso County is one of Colorado's most populous countries and includes Colorado Springs.

“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.”

Three years ago, Colorado Governor Jared Polis signed a series of clean energy bills aimed at helping the state reach a goal of 100 percent renewable electricity by 2040.

In the U.S., utility-scale wind, solar and hydro power account for close to 20 percent of the nation’s electricity generation resource mix, according to the federal Energy Information Administration. Along with nuclear, that would bring the total low and carbon-free electricity portion to nearly 40 percent, with the rest mainly gas and coal-fired power.

Overall, U.S. solar energy installed capacity has now reached more than 135 GW (direct current before inversion to alternate current in the main grid), according to the Solar Energy Industries Association. Colorado ranks somewhere outside the top 10 of states with installed solar capacity, while California is No. 1.