PUEBLO, Colo. — CSU-Pueblo has signed on to a $17 million solar panel power project at the university that will be the main generating source for the academic campus.
The Pueblo Chieftain reports university officials announced the partnership Friday with Johnson Controls, Inc., Capital Dynamics and Black Hills Energy.
CSU-Pueblo President Timothy Mottet says the university will be the first in the state to reach “net zero electric” efficiency, which means the solar panels will produce enough electricity to meet the school’s needs.
The plan includes long-term power purchase agreements and a long-term lease of about 22 acres (9 hectares) of fenced-off solar array area on the north side of campus.
Mottet says the cost will be financed by Capital Dynamics with oversight from Johnson Controls. He adds that CSU-Pueblo will buy the electricity generated by the solar project at advantageous rates for 25 years.