Holy Cross Energy of Glenwood Springs has recently revealed plans for a sizable expansion to its portfolio. Among the additional facilities it will be taking on are three community solar farms owned and operated by Clean Energy Collective (CEC). The electric cooperative Holy Cross will also be building its own solar array near the Colorado Mountain College’s Spring Valley campus.
The three solar projects from the CEC were developed over a period of nine years. They include an installation at the Rifle-Garfield County Airport, one east of Carbondale, and a third at El Jebel. Though Holy Cross Energy will be taking over the three projects, CEC will still retain operations for part of the Rifle facility until the tax credits used during development expire.
The sale came at the behest of Holy Cross, which opted to purchase CEC’s assets for its 230 members. These cooperative members have each owned at least one panel to take part in the company’s community solar program. According to a press release from Holy Cross, purchasing the community solar farms will not hinder CEC customers from having access to renewable energy. The solar installations will still generate power and provide the same benefits.
The release further elaborates that the sale of generated power will result in credits filtered back to the subscribing members. Ultimately, this helps offset energy costs and cuts down on a household’s monthly energy bill.
While Holy Cross is working on its community solar farm acquisition, it’s also working with the Colorado Mountain College to increase its solar output. In a partnership with Ameresco Solar, Holy Cross will lease more than 20 acres of property on the Spring Valley campus. Ameresco will handle the construction of the facility. Once built and operational, Ameresco will sell any electricity generated by the site to Holy Cross.
Holy Cross aims to have 70% of its energy generation to come from renewable resources by 2030. In the same time frame, it also hopes to reduce its carbon dioxide emissions by 70%