Minnesota Public Utilities Commission Says Solar is Part of the Solution, Selects Geronimo's Distributed Solar Proposal

  Minnesota Public Utilities Commission Says Solar is Part of the Solution,
                Selects Geronimo's Distributed Solar Proposal

PR Newswire

MINNEAPOLIS, March 28, 2014

MINNEAPOLIS, March 28, 2014 /PRNewswire/ --In a ground-breaking decision
today, the Minnesota Public Utilities Commission (PUC) ruled in favor of solar
as a cost-competitive energy source for Minnesota-based Xcel Energy. On the
heels of a long competitive resource acquisition process, Geronimo Energy's
Aurora Solar Project was selected by the PUC to fill a portion of Xcel's
future generation needs.

"We are very pleased to have been part of this unique process and to show that
solar energy can be a cost competitive and reliable part of the energy mix,"
said Geronimo Energy President, Blake Nixon.

"This is a big win for us, as well as for the larger solar energy industry,"
Betsy Engelking, Vice President of Geronimo Energy, states. "The Aurora
project competed with a number of natural gas plants and in the end, the
Commission found that our project was a cost competitive part of the overall
solution and would help Xcel Energy meet Minnesota's energy policy goals."

The PUC's decision comes after a historic recommendation to adopt the Aurora
Solar Project as a first source of fulfillment for Xcel's resource needs made
by Administrative Law Judge (ALJ) Eric L. Lipman in December 2013. In his
report, ALJ Lipman stated, "the greatest value to Minnesota and Xcel's
ratepayers is drawn from selecting Geronimo's solar energy proposal."

The Aurora Solar Project is a 100 megawatt (MW) distributed solar generation
project that will utilize solar arrays ranging in size from 2 MW to 10 MW
across Xcel's service territory. The project will interconnect to multiple
Xcel Energy substations across Minnesota and will provide energy and capacity
for the local distribution network. This unique design will deliver many
benefits, including a reduction in line loss, elimination of transmission
costs, and geographic diversification of generation assets. Arrays will be
located throughout 16 counties in Minnesota in order to bring energy to the
grid efficiently and cost-effectively, while protecting the environment.

About Geronimo Energy
Geronimo Energy is a utility-scale wind and solar energy developer
headquartered in Edina, Minnesota. Geronimo has developed three operating wind
farms and several solar projects in Minnesota. Geronimo is poised to build
six additional wind projects with an aggregate nameplate capacity of over
1,000 megawatts (MW) throughout the Midwest over the next two years and
expects to build the 100 MW Aurora Solar Project in Minnesota, as well as
other solar facilities nationwide, by 2016. Geronimo has a multi-gigawatt
development pipeline of wind and solar projects in various stages of
development throughout the United States. Geronimo has a strategic
partnership with Enel Green Power North America, furthering its credibility
and capital strength to deliver on projects for customers and communities.
For more information about Geronimo Energy and The Aurora Solar Project, visit
www.geronimoenergy.com.

CONTACT: Lindsay Smith, 952-358-5672, lindsay@geronimoenergy.com

SOURCE Geronimo Energy

Website: http://www.geronimoenergy.com
 
Press spacebar to pause and continue. Press esc to stop.