Silicon Ranch quickly established a productive working relationship with PVREA
Silicon Ranch began due diligence for project sites immediately and entered into a power purchase agreement (PPA) with PVREA for 8 MWac of solar capacity in late February. Silicon Ranch secured two project sites (4MW each) and submitted permit applications to two jurisdictions in April 2015 in order to facilitate commencing commercial operation by December 2015, per the requirements of the PPA. Silicon Ranch quickly established a productive working relationship with PVREA to fast-track the interconnection process and worked with local stakeholders to earn support for the project. Silicon Ranch also worked closely with the mineral lease holder and extraction operator to execute a mutually agreeable surface use arrangement.
The project will assist Tri-State, the regional generation and transmission entity, in complying with Colorado’s renewable portfolio standard.
As a result of its positive experience working with Silicon Ranch, PVREA subsequently entered into a PPA with the company for an additional 4 MWac, bringing PVREA’s total to 12 MWac of solar capacity. The additional 4MW will be located adjacent to one of the original projects.
Silicon Ranch created a solar farm in Northern Colorado that includes almost 100,000 solar panels built on a 150-acre farm. With a 20 year power purchase agreement, PVREA receives all the energy produced by the solar project, and is able to offer reliable and affordable energy to approximately 1,300 homes annually.*
*Photos and video courtesy of PVREA
“Silicon Ranch stepped in to acquire a project in our service area at a critical time as we were looking for an experienced partner who had the technical expertise and financial wherewithal to execute a complex transaction in a unique environment.
From the outset, they’ve been dedicated to see the project through completion and are willing to choose the “harder right” over the “easier wrong” to get the job done. Their team has worked closely with ours to ensure the project meets our environmental, reliability, and economic goals.”
-Jeff Wadsworth, CEO, PVREA