Associated Press, 05.11.11, 08:21 AM EDT

ALAMOSA, Colo. — Energy Department officials say a North Carolina energy producer has been offered a $90.6 million conditional commitment loan guarantee to help construct a solar generation project in southern Colorado.

Department officials said Tuesday the loan will support Charlotte-based Cogentrix Energy LLC in developing the Alamosa Solar Generating Project. The company estimates the project will generate about 85 construction and operations jobs.

U.S. Sen. Mark Udall of Colorado says the plant will be one of the largest and most innovative solar power plants in the country. The facility will create about 75,000 megawatt hours of renewable energy per year, enough for more than 6,500 homes.

Officials say the energy generated by the project will be sold to the Xcel Energy Inc. subsidiary Public Service Company of Colorado.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

If comments are closed.

Comments are closed.