The fund joins the automaker’s $35 billion investment in electric and alternative vehicles globally through 2025.
The Denver-based company helped Delta-Montrose exit a power supply deal that favored coal, and pledged to develop solar as a replacement energy source.
The 200 MW facility will be built and owned by 174 Power Global at a site in Colorado.
The five-project portfolio serves rural residents, school districts, nonprofits, and municipalities in Colorado.
The proposed 345 kv transmission lines would ring eastern Colorado, covering more than a dozen rural counties, bringing solar and wind energy to the state’s big load centers.
Competition was fierce in Xcel Energy’s Colorado community solar RFP, and UX Solar is now building 8 MW of capacity to serve commercial and residential subscribers.
One of the state program’s main goals is to “support communities feeling the impacts of the transition from coal.”
The newly combined independent power producer brings to the table a 4.2 GW generation portfolio, including 543 MW of solar.
Utility regulators approved Xcel Energy’s plan to spend $102 million over three years to build charging stations, incentivize homeowners to install charging equipment and provide support for converting school buses, government and business fleets to electric.
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