Investorideas.com

 

Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

Clean Energy Collective and Xcel Energy Reach Agreement on Community Solar Program

Settlement adds up to 60 megawatts of new solar garden capacity in Colorado through 2016.

 

LOUISVILLE, COLO. - February 26, 2016 (Investorideas.com renewable energy stocks newswire) Colorado's electricity customers will gain greater access to local clean power production after another boost to the state's burgeoning community solar market. Clean Energy Collective (CEC), the nation's leading community solar solutions provider, announced that the company has reach an agreement with Xcel Energy on the utility's community solar gardens program, resulting in up to 60 megawatts of additional community solar allocation.

The outcome of the collaborative negotiation with Xcel Energy and other community solar providers establishes the level of community solar capacity the regulated utility will acquire in its Solar*Rewards Community program for 2016. The agreement also revises the bill credit for commercial/industrial rate classes, adds co-location specifications, and adds an Xcel Energy carve-out for low-income households and non-profits.

"We are pleased to have worked closely with Xcel Energy to help ensure the Solar*Rewards Community program is a win for everyone," said Paul Spencer, founder and CEO of Clean Energy Collective. "This process demonstrates how successful collaboration between utilities and the solar industry can lead to more choice for customers, and good business for both the utility and their solar partners."

Since engaging a local cooperative utility in Western Colorado that spawned the country's first community-owned solar project, CEC's approach has centered on building and fostering utility alliance, and foresees community solar continuing to be the proving ground for these mutually-beneficial relationships. To date CEC has built or has under development more than 90 RooflessSolarâ„¢ projects with 25 utility partners across 11 states, representing more than 160 MW of community solar capacity.

The agreement with Xcel Energy, which must be approved by the Colorado Public Utilities Commission, includes these implementation issues:

Clean Energy Collective currently operates 12 community solar facilities in the Solar*Rewards program with 5.5 MW of capacity, and has eight new facilities under development representing 12 MW from the 2015 allocation.

About Clean Energy Collective

A solar tech start-up in 2009, Clean Energy Collective (CEC) has grown to become the world's leading developer of community solar solutions. CEC pioneered the model of delivering clean power-generation through medium-scale solar PV facilities accessible to all utility customers. Since establishing the country's first community-owned solar array near El Jebel, Colorado in 2010, CEC has built or has under development more than 90 Roofless Solarâ„¢ projects with 25 utility partners across 11 states, serving thousands of customers, and representing more than 160 MW of community solar capacity. www.easycleanenergy.com

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp