Deriva Energy acquires 140 MW Spanish Peaks PV project 

Deriva Energy, a Charlotte-based renewable generation developer, has acquired Spanish Peaks Solar, a 140 MW project in Las Animas County, Colo. Set to come online in Q4 2024, it will power around 38,000 homes annually in Tri-State’s San Isabel Electric Association territory. Deriva will procure the solar modules and share operations with JUWI. The project, acquired from JUWI Inc., creates approximately 250 jobs during peak construction. Spanish Peaks aligns with Tri-State through a 19-year power purchase agreement.