Xcel Energy, partners celebrate construction completion of 100 megawatt North Star Solar facility
MINNEAPOLIS (Oct. 19, 2016) – Construction is complete on the North Star Solar project in Chisago County, Minn. the largest single solar facility in the Midwest and one of the largest in the country. More than 440,000 solar panels spanning 1,000 acres near North Branch will produce enough energy to power more than 20,000 homes. The project is expected to come online in December 2016.
The North Star Solar project will generate 100 megawatts of electricity and is a $180 million investment in Minnesota as well as Chisago County. Swinerton Renewable Energy built the facility and employed more than 300 people during peak construction. It joined partners Chisago County, D.E. Shaw Renewable Investments, Community Energy Solar and Xcel Energy, to celebrate the end of construction today.
“We are proud to be the host community for the largest solar project in the Midwest,” said Mike Robinson, Chisago County commissioner. “This facility brings real economic value to our community and the people who live here. The construction of North Star created many jobs and the local area is expected to receive about $350,000 of production and property tax revenues each year from the project.”
Originally developed by Community Energy Solar, the property is now managed by D.E. Shaw Renewable Investments and owned by the D.E. Shaw group.
“It has been a pleasure to partner with renewable industry leaders like Xcel Energy and Community Energy on this massive project,” said Bryan Martin, managing director and head of U.S. Private Equity at the D.E. Shaw group. “We are proud of the jobs we were able to provide and the clean the energy this facility will provide to the region’s residents and businesses.”
“This project is part of our vision to bring utility-scale solar at a competitive price to Minnesota and the broader Midwest,” said Eric Blank, President of Community Energy Solar, LLC. “We were drawn to Chisago County as a great combination of available land, welcoming communities and a strong interconnection point that is close to Minneapolis and St. Paul.”
Xcel Energy will purchase power from North Star as part of a 25 year deal to provide solar energy to customers across the Upper Midwest. Additionally, the electricity generated at North Star will help power the Minnesota State Capitol Complex through Xcel Energy’s Renewable*Connect Government Pilot Program.
“We are so pleased that the largest solar project in the Midwest will deliver the clean, renewable energy our customers want,” said Chris Clark, president, Xcel Energy – Minnesota. “We are on a path more than doubles wind and solar energy options and the North Star project plays a role in our goal to be 63 percent carbon free by 2030.”
The company’s ultimate goal is to have 8 percent of our electricity generated from solar by 2030.Learn more about Xcel Energy’s plans to increase clean, renewable energy in the company’s 2015 corporate responsibility report.
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About Xcel Energy
Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
About D. E. Shaw Renewable Investments (DESRI)
D. E. Shaw Renewable Investments, L.L.C. and its affiliates acquire, own, and manage long-term contracted renewable energy assets in North America. DESRI’s portfolio of renewable energy projects currently includes 23 wind and solar projects that represent more than 1,100 MW of aggregate capacity. DESRI is a member of the D. E. Shaw group, a global investment and technology development firm with more than $37 billion in investment capital as of March 1, 2016 and offices in North America, Europe, and Asia. Please visit www.deshaw.com for more information about the D. E. Shaw group.
About Community Energy, Inc.
Since its inception in 1999, Community Energy has developed more than 1000 megawatts of solar and wind power. With long experience in utility energy marketing, the Company leads the markets in new financing structures, development expertise, and delivery of projects in new markets under new policies, all within its mission to accelerate the deployment of renewable energy at scale. Headquartered in Radnor, Pennsylvania and offices in Boulder, Colorado, Community Energy has a strong presence in both eastern and western renewable energy markets. For more information about Community Energy, please visit www.communityenergysolar.com.
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