BROOMFIELD, Colo., Nov. 14, 2017 /PRNewswire/ -- Renewable Energy
Systems (RES), a leader in the development, construction, and
operation of solar, energy storage, wind, and transmission projects
across the globe, is pleased to announce that it has completed
construction of the Penitente Solar Project, a 3 MW installation in
Saguache County providing power to
the San Luis Valley Rural Electric Cooperative (SLVREC). RES
developed, constructed, and will operate and maintain the
distributed solar photovoltaic system in South Central Colorado.
AEP OnSite Partners owns the solar installation and provides the
output to SLVREC through a long-term contract. SLVREC is the
second-oldest electric cooperative in Colorado and is headquartered in Monte Vista, CO.
Penitente Solar is a ground-mounted project equipped with a
single-axis tracking system and is in-service. SLVREC purchased the
output from the facility to serve customers residing in its service
territory, which includes Saguache, Rio Grande, Costilla, Alamosa, Conejos, Mineral and Hinsdale Counties. The expected operational
lifetime of the project is over 25 years.
"Penitente Solar is the latest example of RES building strong
relationships with co-ops across the country to develop, construct,
and operate local renewable power for rural areas," stated
Tom Duckett, President of RES
Distributed. "RES is pleased to have partnered with SLVREC to make
available the benefits of reliable, sustainable renewable energy
for their members."
"SLVREC has investigated the development of a solar project for
several years and after an extensive evaluation, selected RES to
develop and construct SLVREC's first solar project — Penitente
Solar. Penitente Solar provides SLVREC members access to renewable
energy which is locally generated and cost effective. We look
forward to continuing to develop local renewable projects
benefitting our members and our communities in the San Luis
Valley," stated Loren Howard, CEO of
SLVREC. "We will continue to invest in these types of projects
along with projects like Ciello powered by REC to help foster
economic growth and development. We are here to help create a
thriving environment to work, live and play."
RES has constructed over 370 MW of renewable energy projects in
Colorado. RES' distributed team
creates solutions tailored for each customer, providing
controllable, competitive, and predictable power that customer's
require in today's economy.
About RES
Renewable Energy Systems (RES) is one of the top renewable
energy companies in North America.
RES has constructed over 160 renewable energy projects with a total
capacity of more than 12,000-megawatts (MW) around the world. RES
has been active in North America
since 1997, and has a renewable energy and storage construction
portfolio that exceeds 9,000 MW and over 100 projects, and has
constructed more than 1,000 miles of overhead and transmission
lines. In addition, RES has a robust development pipeline of wind,
solar, and energy storage projects across North America, and the company currently
operates more than 250 MW of renewable energy and storage projects.
For more information visit http://www.res-group.com/en/.
About AEP OnSite Partners
AEP OnSite Partners is a wholly-owned subsidiary of American
Electric Power (NYSE:AEP), one of the nation's largest electric
utility companies. AEP OnSite Partners works directly with
customers, developers and government officials to deliver energy
asset solutions based upon market knowledge, innovative application
of technology and deal-structuring capabilities. AEP OnSite
Partners targets opportunities in distributed solar, combined heat
and power, energy storage, waste heat recovery, energy efficiency,
peaking generation and other energy solutions that create value for
customers.
About San Luis Valley Rural Electric Cooperative
We are proud to be the second oldest electric cooperative in
Colorado. We serve the counties of
Rio Grande, Costilla, Saguache, Alamosa, Conejos, Mineral and Hinsdale. More than 7,500 member owners work
with our team for power in their homes, schools, farms and other
small businesses. Please visit www.slvrec.com.
Media Contact
Raheleh
Folkerts
RES
303.439.4200
raheleh.folkerts@res-group.com
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SOURCE Renewable Energy Systems