Xcel to Buy Power From Goldman Colorado Solar Plant
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Xcel Energy Inc., the owner of utilities that operate in eight U.S. states, will buy the power from a solar plant in southern Colorado that’s being developed by Cogentrix Energy LLC.
The 30-megawatt solar field will concentrate the sun’s rays onto photovoltaic panels that generate electricity, providing enough power for about 6,500 homes, Charlotte, North Carolina- based Cogentrix said today in a statement. Cogentrix is a unit of Goldman Sachs Group Inc.