Guzman Energy and Sonnedix have executed a power purchase agreement for the 110MW Sonnedix Solar Fountain project in El Pas, Colorado.
The solar power generation site is planned for development and is expected to be operational in early 2025.
When complete, the photovoltaic plant is expected to generate approximately 312,670MWh during its first year of operation.
Sonnedix will develop, build, operate, and maintain the facility as the project sponsor. As an off-taker, Guzman Energy will purchase 100% of the power generated by Sonnedix Solar Fountain for its 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 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 pricing, reliability, and clean energy. Sonnedix Solar Fountain fits the bill and we’re thrilled to partner with Sonnedix to make it happen.”
Carlos Guinand, Co-founder, and Executive Chairman of Sonnedix, added: “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.
“I feel proud that this partnership paves the way for Sonnedix to contribute to Colorado’s goal of 100% green energy generation by 2040.”