Duke Energy Renewables LLC acquired the 60-MW Palmer Solar Park and associated assets in El Paso County, Colo., from juwi Americas for undisclosed financial terms.

Comprising over 200,000 solar panels, the project is currently under construction and is being developed in partnership with Colorado Springs Utilities. The output of the facility will be purchased by Colorado Springs Utilities customers under a 20-year power contract, according to a May 30 company news release.

"The Palmer Solar project is another positive step toward Gov. Polis' dedication of moving the state's electric grid to 100% renewable sources by 2040," said Rob Caldwell, president of Duke Energy Renewables.

Construction of the project is expected to be completed by the end of 2019. juwi subsidiary JSI Construction Group LLC oversees the construction of the facility, which started in the first quarter of 2019.

Duke Energy Renewables is a commercial business unit of Duke Energy Corp. Juwi Americas is a subsidiary of juwi AG.