Whetstone Power and Rosemawr Sustainable Infrastructure Management, the sustainable infrastructure arm of Rosemawr Management, announced the acquisition of a 30 MW operating solar project in Alamosa, Colorado.
The acquired solar project sells power to Public Service Company of Colorado, a subsidiary of Xcel Energy. In August 2016, Korea Electric Power Corp (KEPCO) bought the Alamosa solar project from developer Cogentrix Energy Power Management.
Following its second ownership transfer, Whetstone Power Operations, a wholly-owned subsidiary of Whetstone, will provide operations, maintenance, and asset management services for the solar project. The new owners will be looking to replace the existing HCPV systems with standard solar photovoltaic (PV) modules, possibly even linked to an energy storage facility.
“We believe this is a great asset, and alongside Rosemawr, we are proud to continue to serve the City and County of Alamosa, the San Luis Valley, and the State of Colorado for years to come with clean, renewable energy,” said Whetstone, founding partner, Collin Franceschi.
“Rosemawr is committed to renewable energy, and we are excited about the potential of this facility and our continued partnership with Whetstone,” said Josh Herlands, Managing Partner, Rosemawr Sustainable Infrastructure Management.
According to the recently released Mercom’s 1H and Q2 2022 report, in 1H 2022, there were 148 project acquisitions for 38 GW of solar projects compared to 136 project acquisitions totaling 40 GW in 1H 2021. Recently, Enlight Renewable Energy, a renewable energy power producer and solar project developer, signed an agreement to acquire and develop a 525 MW portfolio of renewable energy projects across various stages of development in Croatia. The portfolio comprises five projects, four of which are solar, totaling 386 MW, and one of which is wind, totaling 139 MW, with construction commencing from the end of 2023 through 2025.
In July 2022, Renewco Power, a developer of utility-scale solar, wind, and battery projects, announced its expansion into the US by acquiring a 1.5 GW pipeline of early-stage utility-scale solar projects, alongside 500 MW of battery storage projects, from Virginia-based developer Beaufort Rosemary.