Korea Electric Power Corp. (KEPCO) bought a 30-MW solar photovoltaic (PV) power facility sited in Colorado.
KEPCO announced that it bought a 100 percent ownership stake in the 30-MW Alamosa Solar Power Facility from Cogentrix Solar Holdings LLC. According to several news reports, KEPCO will begin operating the facility in October. KEPCO and Cogentrix’s parent company Carlyle Group also signed a memorandum of understanding for future opportunities to expand the company’s business in the U.S.
The Public Service Co. of Colorado will buy the output of the project under a power purchase agreement.