Silicon Ranch quickly established a productive working relationship with PVREA
Silicon Ranch began due diligence for project sites immediately and entered into a power purchase agreement (PPA) with PVREA for 8 MWac of solar capacity in late February 2015. Silicon Ranch secured two project sites (4MW each) and submitted permit applications to two jurisdictions in April 2015 in order to facilitate commencing commercial operation by December 2015, per the requirements of the PPA. Silicon Ranch quickly established a productive working relationship with PVREA to fast-track the interconnection process and worked with local stakeholders to earn support for the project. Silicon Ranch also worked closely with the mineral lease holder and extraction operator to execute a mutually agreeable surface use arrangement.
The projects will assist Tri-State, the regional generation and transmission entity, in complying with Colorado’s renewable portfolio standard.
As a result of its positive experience working with Silicon Ranch, PVREA subsequently entered into a PPA with the company for an additional 2 MWac. The 2 MWac expansion is located at the Skylark site.
Silicon Ranch created two solar farms, Valley View Solar in Greeley and Skylark Solar near Severance. The facilities include nearly 100,000 solar panels total. PVREA receives all the energy produced by the solar projects, which help the co-op offer reliable and affordable energy to approximately 1,300 homes annually.*
*Photos and video courtesy of PVREA
“Silicon Ranch stepped in to acquire a project in our service area at a critical time as we were looking for an experienced partner who had the technical expertise and financial wherewithal to execute a complex transaction in a unique environment.
From the outset, they’ve been dedicated to see the project through completion and are willing to choose the “harder right” over the “easier wrong” to get the job done. Their team has worked closely with ours to ensure the project meets our environmental, reliability, and economic goals.”
-Jeff Wadsworth, CEO, PVREA