Platte River Partners with Qcells to Bring Largest Solar Project to Northern Colorado
Black Hollow Solar will have capacity for 257MW of power for the utility's service region.
Platte River Power Authority (Platte River) and turnkey solutions partner Qcells USA Corp. (Qcells), broke ground on northern Colorado's largest solar generation project on July 10.
"Black Hollow Solar represents a major milestone in our journey of working toward our noncarbon energy goals as outlined in the board-approved Resource Diversification Policy," says Jason Frisbie, Platte River general manager/CEO. "We are proud that Black Hollow Solar, when completed, will bring the total amount of solar capacity in our portfolio to 309 MW, help replace the coal-fired generation we will be shutting down before the end of the decade and is by far the largest solar generation project in northern Colorado."
The first phase of the project is expected to be complete in May of 2025 and will deliver approximately 367,000 megawatt-hours (MWh) of energy annually to Platte River's owner communities of Estes Park, Fort Collins, Longmont and Loveland. Phase two of Black Hollow Solar will add an additional 107 MW of capacity in 2026, totaling 257 MW for this project. This is enough to power over 63,000 homes and will increase Platte River's total solar capacity to 309 MW.
"Colorado is a national leader in low-cost, renewable energy and we remain focused on protecting our air quality and environment while saving people money. This project will help us do that by expanding solar capacity in our state and helping Colorado reach our goal of 100% renewable energy by 2040 while strengthening northern Colorado communities like Severance," said Governor Jared Polis.
Per the agreement with Platte River, Qcells will provide turnkey solutions including project development, engineering, procurement and constructions services and will supply over 540,000 Qcells modules on the Black Hollow Solar project. The electricity generated will be sold to Platte River beginning in May 2025 under a long-term power purchase agreement.
Energy will be delivered to Platte River's owner communities in Colorado's north Front Range through a substation currently under construction, adjacent to Platte River's existing transmission system.
"Qcells is pleased to have been selected by Platte River to develop and construct this exciting project and solidify our commitment to supporting Colorado's low carbon energy future," said IP Kim, Qcells president. "We are proud to provide energy solutions that support a partner like Platte River, promoting good stewardship of the community while also realizing the benefits this project brings as a clean source of sustainable energy for the next 25+ years for northern Colorado communities and to the growth of American energy."
The site is located northeast of Black Hollow Reservoir, near the Town of Severance, CO and the infrastructure will utilize nearly 1,400 acres. Platte River and Qcells engaged with local authorities and stakeholders, including neighbors, state agencies, town councils and county leaders to identify this site. The location was selected after careful review of physical and environmental impacts, land-use constraints and stakeholder feedback.
As Platte River continues to replace coal-fired resources with renewable energy technology, the addition of Black Hollow Solar along with existing renewable resources will increase Platte River's total noncarbon energy generation on an annual basis to 58% serving almost 75% of the utility's four owner communities' energy needs. Platte River is currently evaluating its next round of renewable energy projects including wind and battery storage to continue the pursuit of the utility's and its owner communities' noncarbon energy goals. Learn more about Platte River's plans for a noncarbon future at prpa.org/future.
Qcells: Qcells USA provides complete utility-scale turnkey solutions through the entire project lifecycle from modules, solar and energy storage project development, and Engineering Procurement and Construction (EPC) services to the US utility-scale market.
With a track record that includes 8.4 GW of sustainably produced module manufacturing capabilities in Georgia and nearly 2.7+ GW of under-construction and developed, constructed, and operating projects, Qcells USA is a dependable partner throughout the entire project lifecycle. Qcells USA is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 7 business enterprise in South Korea.
For more information, visit qcellsusa.com and on LinkedIn.
Platte River Power Authority: Platte River Power Authority (Platte River) is a not-for-profit, community-owned public power generation and transmission utility that provides safe, reliable, environmentally responsible and financially sustainable energy and services to Estes Park, Fort Collins, Longmont and Loveland, Colorado, for delivery to their distribution utility customers.
About Grand Peaks Based in Denver, Colorado, Grand Peaks Properties, Inc. (“Grand Peaks”) is a fully integrated real estate investment firm built on a foundation of over 70 years of multifamily investment and management. Founded in 2003 by Luke and Nick Simpson, Grand Peaks leverages the Simpson family history in multifamily housing to build a community for our residents, team members and investors. Consisting of two vertically integrated enterprises: Grand Peaks Properties, Inc. and Grand Peaks Property Management, Inc, Grand Peaks is dedicated to delivering superior housing solutions through thoughtful development, strategic acquisitions, renovations and comprehensive property and asset management services. Grand Peaks currently oversees a portfolio exceeding 10,000 units spanning across 10 prominent markets in the United States. To learn more, visit www.GrandPeaks.com.
About the Denver Public Schools Foundation Committed to realizing every student's potential, Denver Public Schools Foundation removes barriers, provides support, and unlocks opportunities in the classroom and beyond. DPS Foundation helps ensure that investments in our public schools are directed in the most effective, impactful and lasting way. Denver Public Schools Foundation believes when all students have the opportunity to develop their talents and become engaged and contributing members of our community, our society thrives. Learn more at dpsfoundation.org.
About Access Industries Access Real Estate is a US-based investment group and a division of Access Industries. Using permanent, scalable, long-term capital, Access Real Estate has built a diverse portfolio of iconic hotels and commercial and residential properties around the world.
Access Real Estate primarily focuses on three key strategies: acquiring and developing landmark properties or districts; housing investments in markets with significant population growth and constrained supply; and acquiring and developing properties at valuations below replacement cost that can be further enhanced through in-house asset management expertise.
Select investments include: One High Line and Williamsburg Wharf, New York City; the Faena District in Miami Beach; The Ocean Club Four Seasons Residences, Bahamas; and Aman Miami Beach.