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Invenergy to develop a 127MW solar project for Guzman Energy

Invenergy

Invenergy, a leading privately held global developer and operator of sustainable energy solutions, announced today it has partnered with Colorado-based company Guzman Energy for a 127-megawatt solar energy facility.

The partnership involves the development of the 127 MW Boutique Solar project in Montezuma County, Colorado, by Invenergy. And a Power Purchase Agreement from Guzman Energy for the renewable energy output of the facility.

According to the company’s statement, the facility will generate as much electricity to power 25,000 homes. The Boutique Solar development will bring clean energy to Guzman Power’s customers.

The project will be operational by the end of 2025. Throughout its construction phase, the project will support 300 jobs, as well as three full-time operation jobs. Over its entire life-cycle Boutique Solar is expected to generate more than $250,000 per year in local property taxes, in addition to generating sales taxes during construction.

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Invenergy and Guzman Energy to share a platform for sustainability

About the project’s relevance Greg Leuchtmann, Senior Vice President, Origination at Invenergy, said. “Invenergy is proud to partner with Guzman Energy to bring clean, reliable power to the communities it serves. This agreement reflects the increasingly compelling value of renewable energy for a variety of customers to meet energy needs and build healthy, sustainable communities.”

On the other hand, Guzman Energy CEO Chris Riley commented. “Wholesale power customers are looking to Guzman Energy to supply them with affordable, reliable, and clean energy solutions. Partnering with Invenergy on the Boutique Solar project demonstrates our commitment to customers and the industry to be a leader in the energy transition.”

Moreover, Invenergy has its headquarters in Chicago. However, it has regional development offices in the United States, Canada, Mexico; also, Colombia, Japan, Poland, and Scotland. Indeed, it has successfully developed more than 29,000 megawatts of projects that are in operation, construction, or contracted; including wind, solar, and natural gas.

Finally, the partnership will also provide a platform and a unique structure for both companies and their customers in the state to reach sustainability and climate-related goals.

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