Get a bird's eye view of our latest renewable energy project, the Grazing Yak Solar Project.
Consisting of more than 119,000 panels on 278 acres near Calhan, Colo., Grazing Yak will provide 35 megawatts of electricity to our customers. That is enough electricity to power approximately 13,000 homes per year.
“As detailed in our Energy Vision, we are committed to providing resilient, reliable and cost-effective energy that is environmentally sustainable,” said Aram Benyamin, our chief executive officer. “Grazing Yak is one of the latest examples of how we are partnering with entities to change the way we power Colorado Springs, taking advantage of the economics and environmental benefits of solar power.”
For the next 25 years, we will purchase the electricity the array generates from a subsidiary of NextEra Energy Resources, which owns and operates the project.
“We are proud to work with Colorado Springs Utilities to generate more clean, low-cost renewable energy for its customers,” said John Di Donato, vice president of development for NextEra Energy Resources, the world’s largest generator of renewable energy from the sun and wind. “This project also represents a significant economic boost for Colorado, creating good jobs to construct it and millions of dollars in additional tax revenue to benefit its local community for years to come.”
Our customers benefit from private-public partnerships as there are no or low upfront capital costs for us and the private developer can leverage available tax credits to reduce capital system costs.
Grazing Yak, which came online in November, is the second universal-scale solar project producing renewable energy for Colorado Springs. In 2016, we added 10-megawatts of solar energy to our portfolio from the Clear Spring Ranch Solar Array, also owned and operated by a subsidiary of NextEra Energy Resources.
In the coming months, another 60 megawatts of solar capacity will be added to our offering.