Executive Summary

Solarstone Limited

Eastern Colorado Energy Center Opportunity

Kit Carson Solar I Project (Late-Stage Development, 30 MW solar PV + 60 MW / 180 MWh BESS)
Kit Carson County, Colorado

The Kit Carson Solar I Project features a 30 MW solar photovoltaic (PV) system coupled with a 60 MW / 180 MWh battery energy storage system (BESS). Offered by Solarstone Limited; EnergyNet has been retained as the exclusive advisor to assist with this transaction.

This is a sealed bid offering.

Property is subject to prior sale. Seller reserves the right to reject any and all offers. Important transaction schedule dates are listed below.

Lot ID

119229

Eastern Colorado Energy Center Opportunity

Point of Contact
For Additional Information, Please Contact:

Gus Rivero

: (806) 351-2953 : (806) 324-9847 : Gus.Rivero@energynet.com

EnergyNet.com, Inc. 7201 I-40 West, Suite 319 Amarillo, Texas 79106

Anastasia Brooking

: (806) 351-2953 : Anastasia.Brooking@energynet.com

EnergyNet.com, Inc. 7201 I-40 West, Suite 319 Amarillo, Texas 79106

Tate Smith

: (806) 351-2953 : Tate.Smith@energynet.com

EnergyNet.com, Inc. 7201 I-40 West, Suite 319 Amarillo, Texas 79106

Opportunity Highlights

Project Summary

The Kit Carson Solar I Project is in late-stage development and features a 30 MW solar photovoltaic (PV) system and a 60 MW / 180 MWh battery energy storage system (BESS). The project area encompasses 400 acres within the Eastern Colorado Energy Center, located in Kit Carson County, Colorado.

Overview

  • Location: Kit Carson County, CO (39.5374, -102.5969)
  • Technology: 30 MW solar PV and 60 MW / 180 MWh BESS
  • COD: Q1 2026
  • Interconnection: 90 MW capacity at POI with ERIS designation
  • Environmental Site Assessment: Completed; no significant findings
  • Cost Estimates: Received and available for PV and BESS materials
  • Interconnection Request: Submitted to Tri-State in 2022
  • DISIS: Completed by Tri-State
  • Interconnection Agreement: Negotiations scheduled for 09/2024

Site Control

  • Lease Option: Executed in Q2 2022
  • Option Term: 5 years
  • Lease Term: 20 years, with two 10-year extensions
  • Lease Rate: $425 per acre utilized, with a 2% annual escalation

PVsyst Report

  • Annual Production: 82,339,271 kWh/year
  • Performance Ratio (PR): 92.41%
Transaction Instructions

For access to the full due diligence materials available, a Confidentiality Agreement is required. Please use the email link below to request the Confidentiality Agreement.

The Letter of Intent is due by Monday, September 30, 2024 at 4:00 PM CT, via email to:

Gus Rivero
Chief Ventures Officer
gus.rivero@energynet.com

Location Map
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