Feds approve loan guarantee for Colo. solar plant

The U.S. Energy Department says it has finalized a $90.6 million loan guarantee for the construction of a solar generation project in southern Colorado.

Charlotte-based Cogentrix plans to build the 30-megawatt facility near Alamosa. The Department of Energy said Friday that it would be one of the first utility-scale, high concentration photovoltaic generation facilities in the nation and the largest of its kind in the world.

When finished, it would provide power to more than 6,500 homes a year.

The company has estimated the facility would create about 85 construction and operations jobs.

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