Duke Energy Sustainable Solutions developed the 60 MW Palmer Solar Project in partnership with Colorado Springs Utilities, which secured the generating capacity through a 25-year power purchase agreement. (Courtesy: Duke Energy Sustainable Solutions)Colorado Springs Utilities intends to release a request for proposals to secure 1,250 MW of new renewable energy and energy storage capacity by 2030.
The utility is seeking approximately 525 MW of solar, 100 MW of energy storage, and 625 MW of wind capacity, in addition to 350 MW of natural gas.
The solicitation is part of Colorado Springs Utilities’ effort to reduce its carbon emissions by 80% by the end of the decade. The target date for new resources to be integrated is May 2028.
While the procurement targets are based on a preliminary analysis, Colorado Springs Utilities said it is open to exploring alternative technology types and a combination of resources that align with its reliability and sustainability goals.
The RFPs will provide potential bidders with an opportunity to propose various resource types and commercial structures such as power purchase agreements, build-operate-transfer arrangements and Colorado Springs Utilities ownership models.
GEP, a global procurement and supply chain consulting firm, will serve as the procurement advisor for the RFPs.
