Charlotte-based Renewable Developer’s Strategic Move
Charlotte, N.C., January 22, 2024 – Deriva Energy, a leading independent renewable generation developer, makes waves with the successful acquisition of Spanish Peaks Solar, a substantial 140-megawatt (MW) solar project in Las Animas County, Colo. This strategic move signifies Deriva’s commitment to the energy transition and solidifies its role as a pivotal player in the regional clean energy scene.
Expanding Portfolio and Powering Tri-State Members
Deriva Energy’s acquisition propels its total ownership and operation in Colorado to an impressive 388 MW. The project, through a 19-year power purchase agreement, aims to contribute significantly to Tri-State Generation and Transmission Association’s target of achieving 50% clean energy by 2025.
Economic Impact and Commitment to a Sustainable Future
Chris Fallon, President of Deriva Energy, expresses enthusiasm about the acquisition’s economic impact. This aligns with the company’s commitment to job creation, providing clean energy solutions for Tri-State customers, and fostering the economic growth of Las Animas County.
Construction Progress and Collaborative Efforts with JUWI
JUWI Inc., a global solar power developer, facilitated the sale and is actively engaged in the engineering, procurement, and construction of Spanish Peaks. Construction is underway, with the project expected to come online in Q4 2024, generating approximately 250 jobs at its peak.
Deriva Energy’s acquisition of Spanish Peaks Solar reflects a significant step towards a cleaner and more sustainable energy future. As the project progresses, it not only contributes to Tri-State’s clean energy goals but also positions Deriva as a prominent player in shaping the region’s renewable energy landscape.
Source：prnewswire.com
