Colorado’s clean energy sector sees $1.5 billion investment as solar capacity development gains momentum.

As of July 2023, only 2.32GW of utility-scale clean energy capacity was under development, with solar accounting for approximately 1.95GW. This is equivalent to 84% of the total amount of energy produced by wind and solar, and the expected capital investment by 2030 will reach US$12 billion. Solar capacity only accounted for a small portion of Colorado’s clean energy Capacity, with only 1,551MW (22.2%), far behind wind’t total capacity of 5,194MW (74.4%). The state has seen US$13.6 billion in private sector investments to date, with the majorityinvested in wind energy. In July, Swiss-headquartered module manufacturer Meyer Burger announced a plan to build a solar cell plant in Colorado with an initial annual capacity of 2GW. The newly formed JV – named VSK Energy – will invest up to US$1.5 billion in two phases of construction, with first phase consisting of a module assembly plant in Brighton, Colorado, with a US$250 million investment.