The 75 MW Colorado Hunter solar farm project is one step closer to construction as Torch Clean Energy and DE Shaw Renewable Investments (DESRI) have reached financial notice to proceed. The Hunter project, which is situated in Arapahoe County, was created by Cypress Creek Renewables and was later purchased by a joint venture of DESRI and Torch. For the full capacity, the project has two power purchase agreements, one with CORE Electric Cooperative and the other with Holy Cross Energy (HCE). Fifth Third Bank National Association and National Cooperative Services Corporation acted as the project’s coordinating lead arrangers and lenders for the acquisition, construction, and operation.
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Project team for the Colorado Hunter solar farm project
Primoris will handle the engineering, procurement, and construction, while Hunt Electric will handle the EPC for the substation. Once the plant is online, Solv will provide continuing operations and maintenance services. “We are delighted to begin construction on DESRI’s first solar site in Colorado and support the continuous spread of green energy in the state,” said DESRI chief commercial officer Tom de Swardt. We are especially thrilled to expand our partnerships with new electric cooperatives, and we appreciate the spirit of collaboration demonstrated by CORE and HCE in accomplishing this milestone, as well as Fifth Third and CFC’s ongoing support for DESRI’s programs.”
“Torch is pleased to begin work on what we think will be the first of many solar projects in Colorado, our home state,” said Torch Clean Energy president Jonathan Kilberg. We are thrilled to be assisting CORE and HCE in meeting their green energy targets.”
“CORE Electric Cooperative looks forward to providing additional low-cost renewable energy to its members through the Hunter Solar project,” stated CORE chief operating officer Pam Feuerstein. This type of agreement benefits everyone involved.”
