FORT COLLINS (AP) - Colorado State University plans to install a two-megawatt solar power plant which will provide about 10 percent of the electricity for the school's Foothills Campus.
The Foothills Campus is four miles northwest of the main campus in Fort Collins and includes several dozen buildings for research and engineering programs. Installation of the 15-acre solar array is expected to be complete by year's end.
Colorado State is working with Xcel Energy, the state's largest provider of electricity, and renewable energy company Renewable Ventures, based in San Francisco, to leverage tax credits and incentives to finance the system, expected to cost about $10 million. The company will own and operate the system and the university will buy the power at a fixed rate for 20 years.
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