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Holy Cross Energy enters into short-term power purchase agreement with Solar of Alamosa

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Holy Cross Energy enters into short-term power purchase agreement with Solar of Alamosa.

Glenwood Springs, CO, August 16, 2022 – Solar of Alamosa, a 30 MW solar power plant located in Alamosa County, Colorado, has recently entered into a new short-term power purchase agreement (PPA) with Holy Cross Energy (HCE) for the sale of 100% of the plant’s electricity production and renewable energy credits. The PPA will commence on September 1, 2022, and is expected to continue through mid-2023. During that time, the plant intends to prepare for facility upgrades targeted to begin within the next 18 months.

“Holy Cross Energy is pleased to be working with Solar of Alamosa to bring additional clean energy supply to our electric cooperative members in a cost-effective manner,” said Bryan Hannegan, HCE’s President, and Chief Executive Officer. “The Alamosa facility is an excellent short-term addition to our energy resource portfolio, and we look forward to evaluating the long-term role for this project after the planned upgrades are completed.”

Solar of Alamosa was recently acquired by affiliates of Rosemawr Management and Whetstone Power.

“We are proud of this partnership with Holy Cross Energy, and we look forward to working together to meet our collective renewable energy goals,” said Collin Franceschi, Founding Partner of Whetstone.

 

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About Holy Cross Energy

Founded in 1939, Holy Cross Energy (HCE) is a not-for-profit rural electric co-op providing safe, reliable, affordable, and sustainable energy and services that improve the quality of life for more than 45,000 members in western Colorado. HCE was built by and belongs to the diverse communities and member-owners we serve. Membership is open to everyone in our service territory, regardless of race, religion, age, disability, language, political perspective, or socioeconomic status. HCE is committed to leading the responsible transition to a clean energy future. Its 100×30 goal is to provide members with 100% clean energy by 2030 and achieve net-zero greenhouse gas emissions by 2035. For more information on HCE, please visit www.holycross.com.

About Whetstone Power

Whetstone Power’s goal is to shape and facilitate the energy transition one project at a time through project development, asset management and advisory services. Whetstone thrives on solving complex problems by leveraging the unique experience of its team, including leading roles with major utilities, independent power producers and other platforms in sustainable infrastructure finance. For more information, visit www.whetstonepower.com and for inquiries please contact collin@whetstonepower.com.

About Rosemawr Management

Rosemawr is an established investment firm focused on the sustainable infrastructure, municipal, not-for-profit, and charter school sectors. Rosemawr was founded in 2008 and currently has approximately $1.3 billion in assets under management. The firm’s sustainable infrastructure portfolio currently includes investments in over 90 solar energy projects located across 14 states, plus numerous investments across property assessed clean energy (PACE), wind energy, and other technologies. For more information, visit www.rosemawr.com and for inquiries please contact sustainable@rosemawr.com.

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